HR 4142 · 111th Congress · Finance and Financial Sector
Too Big to Fail, Too Big to Exist Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Financial Services.(2009-11-19)
Plain Language Summary
[AI summary unavailable — showing source text]
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.…
Summarized by Claude AI · Non-partisan · For informational purposes only