H.R. 4963 (112th): Too Big to Fail, Too Big to Exist Act

Introduced:
Apr 26, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Brad Sherman [D-CA27]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as H.R. 1450 on Apr 09, 2013. See H.R. 1450 for current action on this subject.

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on April 26, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Apr 26, 2012
Referred to Committee Apr 26, 2012
Cosponsors
1 cosponsors (1D) (show)
Committees

House Financial Services

The committee chair determines whether a bill will move past the committee stage.

Full Title

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

Summary

No summaries available.

Text

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Last updated Apr 26, 2012.
2 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

4/26/2012--Introduced.
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.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

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