A draft of the Brown-Vitter bill, which was leaked to Quartz last week, offers a simple and elegant solution to the “too big to fail” problem…
Washington Post: Sherrod Brown and David Vitter have a new bipartisan bill to end Too Big to Fail. Here’s what it does.
Sens. Sherrod Brown (D-Ohiol) and David Vitter (R-La.) have been working on a bill to block the largest banks and financial firms from receiving federal subsidies for being deemed Too Big to Fail.
As Brown told HuffPost in February, he hopes to move legislation this year to break up big banks…
If anything, there appears to be growing support for Brown’s goal of making banks smaller in order to prevent the federal government from having to pay hundreds of billions of dollars to rescue them if they fail again.
The caucus sponsors briefings, base visits and meetings with Air Force personnel to educate senators about the importance of the Air Force and general military issues.
“I love the game of baseball and want the employees who help make it great to be treated with the same respect as its players,” Brown said in a letter to MLB Commissioner Bud Selig.
“We know how to make steel armor plate here in America, and there’s no reason why countries like China and Russia should be making the steel used in our military’s vehicles and equipment.”