3.0.0 1005 2022-11-01T19:02:22Z 2022-11-01T19:02:22Z Senate S 2019-04-03 116 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2019-04-03T17:32:08Z 2019-04-03 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2019-04-03 Introduced in Senate IntroReferral 10000 9 Library of Congress W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. N Finance and Financial Sector Accounting and auditing Banking and financial institutions regulation Civil actions and liability Criminal investigation, prosecution, interrogation Executive agency funding and structure Financial crises and stabilization Fraud offenses and financial crimes Government information and archives Government studies and investigations Finance and Financial Sector 00 2019-04-03 Introduced in Senate 2020-05-08T15:21:49Z Ending Too Big to Jail Act

This bill addresses fraud and criminal conduct within financial institutions.

The bill replaces the Office of the Special Inspector General for the Troubled Asset Relief Program with the Office of the Special Inspector General for Financial Institution Crime and tasks the office with investigating crimes within financial institutions when such institutions fail.

Financial institutions, bank holding companies, and savings and loan holding companies with assets greater than $10 billion must annually certify that all criminal conduct and civil fraud has been disclosed to the Department of Justice. The bill establishes civil and criminal penalties for violations.

The bill also revises the circumstances under which the government may enter into a deferred prosecution agreement with defendants that are not individuals. These agreements must be determined by the court to be in the public interest.

]]> Ending Too Big to Jail Act Display Title Ending Too Big to Jail Act Short Title(s) as Introduced Ending Too Big to Jail Act Introduced in Senate IS Official Title as Introduced A bill to stop financial institution crime, require certain officers of companies to certify that they have conducted due diligence relating to criminal conduct or civil fraud, create accountability in deferred prosecution agreements, and for other purposes. Introduced in Senate IS Introduced in Senate 2019-04-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s1005is/xml/BILLS-116s1005is.xml 2019-04-03 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN 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. Congressional Research Service, Library of Congress 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.