About the bill
Sen. Bernie Sanders (I-VT), who won last month’s New Hampshire Democratic primary by the largest margin since John F. Kennedy, has centered his presidential campaign around the theme of economic inequality and decrying the actions of Wall Street and “the billionaire class.”
S. 1206 — the Too Big To Fail, Too Big To Exist Act — is one of Sanders’ main bills in this Congress confronting the financial sector. It aims to address a major issue of the 2008 financial crash, when much of the $700 million in taxpayer funds used for the Troubled Asset Relief Program (TARP) went to some of the largest corporations and financial entities in the country. In the view of Sanders and others, many of these groups were rewarded for contributing to the crash itself — including ...
Sponsor and status
Sponsor. Senator for Vermont. Independent.
Last Updated: May 6, 2015
Length: 4 pages
114th Congress (2015–2017)
This bill was introduced on May 6, 2015, in a previous session of Congress, but it did not receive a vote.
What legislators are saying
May 6, 2015
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
S. 1206 (114th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number S. 1206. This is the one from the 114th Congress.
This bill was introduced in the 114th Congress, which met from Jan 6, 2015 to Jan 3, 2017. Legislation not enacted by the end of a Congress is cleared from the books.
How to cite this information.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
GovTrack.us. (2020). S. 1206 — 114th Congress: Too Big To Fail, Too Big To Exist Act. Retrieved from https://www.govtrack.us/congress/bills/114/s1206
“S. 1206 — 114th Congress: Too Big To Fail, Too Big To Exist Act.” www.GovTrack.us. 2015. August 11, 2020 <https://www.govtrack.us/congress/bills/114/s1206>
Too Big To Fail, Too Big To Exist Act, S. 1206, 114th Cong. (2015).
|title=S. 1206 (114th)
|accessdate=August 11, 2020
|author=114th Congress (2015)
|date=May 6, 2015
|quote=Too Big To Fail, Too Big To Exist Act
Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.