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 …
Sponsor and status
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.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
Position statements
What legislators are saying
“Congressman Sherman Statement on Resignation of Wells Fargo Chief”
—
Rep. Brad Sherman [D-CA32]
on Oct 12, 2016
“Congressman Sherman Statement on Resignation of Wells Fargo Chief”
—
Rep. Brad Sherman [D-CA32]
on Oct 12, 2016
History
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May 6, 2015
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Introduced
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 passed by the end of a Congress is cleared from the books.
How to cite this information.
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“S. 1206 — 114th Congress: Too Big To Fail, Too Big To Exist Act.” www.GovTrack.us. 2015. March 30, 2023 <https://www.govtrack.us/congress/bills/114/s1206>
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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.
