US Congress House Bill 4142 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on November 19 2009 - 25% progression, died in committee
Action: 2009-11-19 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

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.

Too Big to Fail, Too Big to Exist Act

Rep. Maurice Hinchey [D-NY]

Rep. Brad Sherman [D-CA]

Date	Chamber	Action
2009-11-19		Referred to the House Committee on Financial Services.

SB2746 (Same As) 2009-11-06 - Sponsor introductory remarks on measure. (CR S11241-11242)

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/4142/all-info
Text	https://www.congress.gov/111/bills/hr4142/BILLS-111hr4142ih.pdf