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S. 2746

BillFederalSenateIntroduced
Too Big to Fail, Too Big to Exist Act
About This Bill
Introduced
Latest Action · November 6, 2009
Sponsor introductory remarks on measure. (CR S11241-11242)
Congress
111th (2009–2011)
Introduced
November 5, 2009
Cosponsors (0)
None
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Summary

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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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