Ohio Sen. Renews Fight To Break Up Big Banks

Law360, Washington (May 10, 2012, 6:35 PM EDT) -- Sen. Sherrod Brown, D-Ohio, renewed his fight against the nation's largest financial companies and banks on Wednesday, introducing a new bill to break up potentially oversized institutions into smaller entities.

The bill — named the Safe, Accountable, Fair & Efficient (SAFE) Banking Act of 2012 — draws inspiration from a piece of 2010 legislation also sponsored by Brown, and seeks to set limits on bank sizes by capping the market share of individual banks at 10 percent of total banking industry.

Focusing his attention on what...
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