Senators Unveil Bill Aimed At Busting 'Too Big To Fail' Banks

Law360, New York (April 24, 2013, 2:42 PM EDT) -- A bipartisan bill announced Wednesday by a pair of U.S. senators would require the nation's largest banks to meet a 15 percent capital requirement as a way to end the problem of financial institutions that are "too big to fail" and alleviate the threat of taxpayer bailouts of such banks.

The eagerly anticipated Terminating Bailouts for Taxpayer Fairness Act, introduced by Sen. Sherrod Brown, D-Ohio and Sen. David Vitter, R-La., would also force those banks to retain that capital in the form of common equity and...
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