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. On Friday, a draft version of that bill was leaked to Tim Fernholz of Quartz, much to Vitter’s chagrin. So, what does the bill do?