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    <number>7006</number>
    <updateDate>2023-01-11T13:41:25Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:41:25Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <type>HR</type>
    <introducedDate>2018-09-28</introducedDate>
    <congress>115</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 164, Number 161 (Friday, September 28, 2018)]From the Congressional Record Online through the Government Publishing Office [<a href='http://www.gpo.gov'>www.gpo.gov</a>]By Mr. SHERMAN:H.R. 7006.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the Constitution[Page H9408]</pre>]]></constitutionalAuthorityStatementText>
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        <name>Financial Services Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
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            <name>Referred to</name>
            <date>2018-09-28T13:06:10Z</date>
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        <actionDate>2018-09-28</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
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        <text>Introduced in House</text>
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        <actionDate>2018-09-28</actionDate>
        <text>Introduced in House</text>
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    <sponsors>
      <item>
        <bioguideId>S000344</bioguideId>
        <fullName>Rep. Sherman, Brad [D-CA-30]</fullName>
        <firstName>BRAD</firstName>
        <lastName>SHERMAN</lastName>
        <party>D</party>
        <state>CA</state>
        <district>30</district>
        <isByRequest>N</isByRequest>
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    <cosponsors>
      <item>
        <bioguideId>L000582</bioguideId>
        <fullName>Rep. Lieu, Ted [D-CA-33]</fullName>
        <firstName>Ted</firstName>
        <lastName>Lieu</lastName>
        <party>D</party>
        <state>CA</state>
        <district>33</district>
        <sponsorshipDate>2018-10-16</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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    </cosponsors>
    <policyArea>
      <name>Finance and Financial Sector</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Bank accounts, deposits, capital</name>
        </item>
        <item>
          <name>Banking and financial institutions regulation</name>
        </item>
        <item>
          <name>Congressional oversight</name>
        </item>
        <item>
          <name>Credit and credit markets</name>
        </item>
        <item>
          <name>Economic performance and conditions</name>
        </item>
        <item>
          <name>Financial crises and stabilization</name>
        </item>
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          <name>Government lending and loan guarantees</name>
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          <name>Securities</name>
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        <name>Finance and Financial Sector</name>
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      <summary>
        <versionCode>00</versionCode>
        <actionDate>2018-09-28</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2019-08-15T16:24:58Z</updateDate>
        <text><![CDATA[ <p><b>Too Big To Fail, Too Big To Exist Act</b></p> <p>This bill (1) directs the Department of the Treasury to break up any entity whose failure would have a catastrophic effect on the stability of the financial system, and (2) otherwise limits the activities of&nbsp;such entities. </p>]]></text>
      </summary>
    </summaries>
    <title>Too Big To Fail, Too Big To Exist Act</title>
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        <titleType>Display Title</titleType>
        <title>Too Big To Fail, Too Big To Exist Act</title>
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        <titleType>Official Title as Introduced</titleType>
        <title>To address the concept of "Too Big To Fail" with respect to certain financial entities.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
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      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Too Big To Fail, Too Big To Exist Act</title>
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    </titles>
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      <item>
        <type>Introduced in House</type>
        <date>2018-09-28T04:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-115hr7006ih/xml/BILLS-115hr7006ih.xml</url>
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    <latestAction>
      <actionDate>2018-09-28</actionDate>
      <text>Referred to the House Committee on Financial Services.</text>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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