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H.R. 4963

BillFederalHouseIn Committee
Too Big to Fail, Too Big to Exist Act
About This Bill
Committee
Latest Action · April 26, 2012
Referred to the House Committee on Financial Services.
Congress
112th (2011–2013)
Introduced
April 26, 2012
Cosponsors (1)
1D 0R
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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 on the list so that their failure would no longer cause a catastrophic effect on the U.S. or global economy without a taxpayer bailout.

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