Too Big To Fail, Too Big To Exist Act
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Too Big to Fail, Too Big to Exist Act This bill directs the Financial Stability Oversight Council to compile and submit to the Secretary of the Treasury a list of entities that the Council deems Too Big To Fail (List), including U.S. bank holding companies the Financial Stability Board has identified as systemically important banks. The Secretary of the Treasury shall: (1) submit the List to Congress and the President, and (2) break up entities on the List so that their failure would no longer cause a catastrophic effect upon the U.S. or global economy without a taxpayer bailout. Any entity on the List may not use or have access to advances from any Federal Reserve credit facility, the Federal Reserve discount window, or any program or facility made available under the Federal Reserve Act, including asset purchases, temporary or bridge loans, government investments in debt or equity, or capital injections from any federal institution. No insured depository institution on the List, nor any entity that owns one, may use insured deposit amounts to fund: any activity relating to hedging that is not directly related to commercial banking activity at the insured bank, any use of derivatives for speculative purposes, any activity related to the dealing of derivatives, or any other form of speculative activity specified by regulators. Nor may any entity on the List conduct such activities in a manner that either: (1) puts insured deposits at risk, or (2) creates a risk of loss to the Deposit Insurance Fund.
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Filing registrants (1)
2015 · second_quarter · Banking
H.R. 653: FOIA Act: A bill to amend section 552 of title 5, United States Code, to provide for greater public access to information; Provisions related to administrative procedures. H.R. 9: Innovation Act: A bill to amend title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections; Provisions related to patents. H.R. 1309: Systemic Risk Designation Improvement Act of 2015: A bill to amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to specify when bank holding companies may be subject to certain enhanced supervision; Provisions related to bank regulation. H.R. 1704: Personal Data Notification and Protection Act of 2015: A bill to establish a national data breach notification standard; Provisions related to data breach. S. 269: Nuclear Weapon Free Iran Act of 2015: A bill to expand sanctions imposed with respect to Iran and to impose additional sanctions with respect to Iran; Provisions related to sanctions. S. 337: FOIA Improvement Act of 2015: A bill to improve the Freedom of Information Act; Provisions related to administrative procedures. H.R. 1233: A bill to provide regulatory relief to community financial institutions, and for other purposes; Provisions related to bank regulation. H.R. 1413: A bill to terminate Operation Choke Point; Provisions related to payments. H.R. 1560: A bill to improve cybersecurity in the United States through enhanced sharing of information about cybersecurity threats, and for other purposes; Provisions related to cyber security. H.R. 1731: A bill to amend the Homeland Security Act of 2002 to enhance multi-directional sharing of information related to cybersecurity risks and strengthen privacy and civil liberties protections, and for other purposes; Provisions related to cyber security. H.R. 1770: A bill to require certain entities who collect and maintain personal information of individuals to secure such information and to provide notice to such individuals in the case of a breach of security involving such information, and for other purposes; Provisions related to data breaches. H.R. 2094: A bill to repeal titles I and II of the Dodd-Frank Wall Street Reform and Consumer Protection Act; Provisions related to bank regulation. H.R. 2289: A bill to reauthorize the Commodity Futures Trading Commission, to better protect futures customers, to provide end-users with market certainty, to make basic reforms to ensure transparency and accountability at the Commission, to help farmers, ranchers, and end-users manage risks, to help keep consumer costs low, and for other purposes; Provisions related to derivatives. H.R. 2297: A bill to prevent Hezbollah and associated entities from gaining access to international financial and other institutions, and for other purposes; Provisions related to AML/BSA. H.R. 2600: A bill to address the concept of "Too Big to Fail" with respect to certain financial entites; Provisions related to bank regulation. H.R. 2642: A bill to provide sensible relief to community financial institutions, to protect consumers, and for other purposes; Provisions related to bank regulation. S. 107: A bill to amend the Financial Stability Act of 2010 to repeal certain designation authority of the Financial Stability Oversight Council, to repeal the Payment, Clearing, and Settlement Supervision Act of 2010, and for other purposes; Provisions related to bank regulation. S. 1484: An original bill to improve accountability and transparency in the United States financial regulatory system, protect access to credit for consumers, provide sensible relief to financial institutions, and for other purposes; Provisions related to bank regulation. S. 1491: A bill to provide sensible relief to community financial institutions, to protect consumers, and for other purposes; Provisions related to bank regulation. Issues related to the implementation of Title I of Dodd-Frank; Provisions related to bank resolution. Issues related to the implementation of Title II of Dodd-Frank; Provisions related to bank resolution.
Referred to the House Committee on Financial Services.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: $320,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2015 · second_quarter · Banking
H.R. 653: FOIA Act: A bill to amend section 552 of title 5, United States Code, to provide for greater public access to information; Provisions related to administrative procedures. H.R. 9: Innovation Act: A bill to amend title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections; Provisions related to patents. H.R. 1309: Systemic Risk Designation Improvement Act of 2015: A bill to amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to specify when bank holding companies may be subject to certain enhanced supervision; Provisions related to bank regulation. H.R. 1704: Personal Data Notification and Protection Act of 2015: A bill to establish a national data breach notification standard; Provisions related to data breach. S. 269: Nuclear Weapon Free Iran Act of 2015: A bill to expand sanctions imposed with respect to Iran and to impose additional sanctions with respect to Iran; Provisions related to sanctions. S. 337: FOIA Improvement Act of 2015: A bill to improve the Freedom of Information Act; Provisions related to administrative procedures. H.R. 1233: A bill to provide regulatory relief to community financial institutions, and for other purposes; Provisions related to bank regulation. H.R. 1413: A bill to terminate Operation Choke Point; Provisions related to payments. H.R. 1560: A bill to improve cybersecurity in the United States through enhanced sharing of information about cybersecurity threats, and for other purposes; Provisions related to cyber security. H.R. 1731: A bill to amend the Homeland Security Act of 2002 to enhance multi-directional sharing of information related to cybersecurity risks and strengthen privacy and civil liberties protections, and for other purposes; Provisions related to cyber security. H.R. 1770: A bill to require certain entities who collect and maintain personal information of individuals to secure such information and to provide notice to such individuals in the case of a breach of security involving such information, and for other purposes; Provisions related to data breaches. H.R. 2094: A bill to repeal titles I and II of the Dodd-Frank Wall Street Reform and Consumer Protection Act; Provisions related to bank regulation. H.R. 2289: A bill to reauthorize the Commodity Futures Trading Commission, to better protect futures customers, to provide end-users with market certainty, to make basic reforms to ensure transparency and accountability at the Commission, to help farmers, ranchers, and end-users manage risks, to help keep consumer costs low, and for other purposes; Provisions related to derivatives. H.R. 2297: A bill to prevent Hezbollah and associated entities from gaining access to international financial and other institutions, and for other purposes; Provisions related to AML/BSA. H.R. 2600: A bill to address the concept of "Too Big to Fail" with respect to certain financial entites; Provisions related to bank regulation. H.R. 2642: A bill to provide sensible relief to community financial institutions, to protect consumers, and for other purposes; Provisions related to bank regulation. S. 107: A bill to amend the Financial Stability Act of 2010 to repeal certain designation authority of the Financial Stability Oversight Council, to repeal the Payment, Clearing, and Settlement Supervision Act of 2010, and for other purposes; Provisions related to bank regulation. S. 1484: An original bill to improve accountability and transparency in the United States financial regulatory system, protect access to credit for consumers, provide sensible relief to financial institutions, and for other purposes; Provisions related to bank regulation. S. 1491: A bill to provide sensible relief to community financial institutions, to protect consumers, and for other purposes; Provisions related to bank regulation. Issues related to the implementation of Title I of Dodd-Frank; Provisions related to bank resolution. Issues related to the implementation of Title II of Dodd-Frank; Provisions related to bank resolution.
Client expense: $320,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE