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senate Bill S. 2746

Too Big to Fail, Too Big to Exist Act

bill Progress


  • Not enacted
    The President has not signed this bill
  • The house has not voted
  • The senate has not voted
      senate Committees
      Committee on Banking, Housing, and Urban Affairs
    IntroducedNovember 5th, 2009

Bill Details

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Title

Too Big to Fail, Too Big to Exist Act

Official Title

A bill to address the concept of "Too Big To Fail" with respect to certain financial entities.

Summary

Too Big to Fail, Too Big to Exist Act - Instructs the Secretary of the Treasury to: (1) submit to Congress, within 90 days after enactment of this Act, a list of all commercial banks, investment banks, hedge funds, and insurance companies that the Secretary believes are too big to fail (" Too Big To Fail List"); and (2) break up entities included on such list so that their failure would no longer cause a catastrophic effect on the United States or global economy without a taxpayer bailout.

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