,,ii  #aadth ,,congress  #ast ,session  
,s4 #abjf  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #f1       
#bjae,mr4 ,sanders introduced the       
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to address the concept of ,too 
,big ,to ,fail with respect to certain  
financial entities4  #a4 ,short title   
,this ,act may be cited as the ,too ,big
 ,to ,fail1 ,too ,big ,to ,exist ,act4  
#b4 ,compilation and report on          
institutions that are too big to fail   
7a7 ,compilation ,notwithstanding any   
other provision of law1 not later than  
#ij days after the date of enactment of 
this ,act1 the ,financial ,stability    
,oversight ,council shall compile and   
submit to the ,secretary of the         
,treasury a list of entities that it    
deems ,too ,big ,to ,fail1 which shall  
include1 but is not limited to1 any     
,united ,states bank holding companies  
that have been identified as            

systemically important banks by the     
,financial ,stability ,board 7in this   
,act referred to as the ,too ,big ,to   
,fail ,list74  7b7 ,submission to       
,congress and the ,president ,upon      
receipt of the ,too ,big ,to ,fail      
,list1 the ,secretary of the ,treasury  
shall submit the ,list to ,congress and 
the ,president4  #c4 ,breaking-up too   
big to fail institutions  7a7 ,in       
general ,notwithstanding any other      
provision of law1 but not later than #a 
year after the date of enactment of this
 ,act1 the ,secretary of the ,treasury  
shall break up entities included on the 
,too ,big ,to ,fail ,list1 so that their
 failure would no longer cause a        
catastrophic effect on the ,united      
,states or global economy without a     
taxpayer bailout4  7b7 ,consultation    
with other regulators ,in carrying out  
the requirement of subsection 7a71 the  
,secretary of the ,treasury shall       
consult with the primary financial      
regulatory agency of the entity to be   

broken up4  #d4 ,prohibition against use
 of ,federal ,reserve financing         
,notwithstanding any other provision of 
law 7including regulations71 any entity 
included on the ,too ,big ,to ,fail     
,list may not use or otherwise have     
access to advances from any ,federal    
,reserve credit facility1 the ,federal  
,reserve discount window1 or any other  
program or facility made available under
 the ,federal ,reserve ,act 7#ab        
,u4,s4,c4 #bba et seq471 including any  
asset purchases1 temporary or bridge    
loans1 government investments in debt or
 equity1 or capital injections from any 
,federal institution4  #e4 ,prohibition 
on use of insured deposits  7a7 ,in     
general ,any entity included on the ,too
 ,big ,to ,fail ,list that is an insured
 depository institution1 or owns such an
 institution1 may not use any insured   
deposit amounts to fund--  7#a7 any     
activity relating to hedging that is not
 directly related to commercial banking 
activity at the insured bank2  7#b7 any 

use of derivatives for speculative      
purposes2  7#c7 any activity related to 
the dealing of derivatives2 or  7#d7 any
 other form of speculative activity that
 regulators specify4  7b7 ,risk of loss 
,an entity included on the ,too ,big ,to
 ,fail ,list may not conduct any        
activity listed in subsection 7a7 in    
such a manner that--  7#a7 puts insured 
deposits at risk2 or  7#b7 creates a    
risk of loss to the ,deposit ,insurance 
,fund4  #f4 ,definitions ,for purposes  
of this ,act-- 7#a7 the term primary    
financial regulatory agency has the same
 meaning as in section #b7ab7 of the    
,dodd-,frank ,wall ,street ,reform and  
,consumer ,protection ,act 7#ab         
,u4,s4,c4 #ecja7ab772 and  7#b7 the term
 ,too ,big ,to ,fail means any entity   
whose failure1 due to its size1 exposure
 to counterparties1 liquidity position1 
interdependencies1 role in critical     
markets1 or other characteristics or    
factors1 would have a catastrophic      
effect on the stability of either the   

financial system or the ,united ,states 
economy without substantial ,government 
assistance4