Bernie Sanders Proposes Bill to Break Up Big Banks and Pressure Hillary Clinton
Similar to legislation he introduced in previous years, when Democrats controlled the U.S. Senate, the bill has little chance of advancing.
Senator Bernie Sanders on Dodd-Frank
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Senator Bernie Sanders proposed legislation to break up the nation’s biggest banks, including JPMorgan Chase & Co. and Bank of America Corp., setting up a contrast with Hillary Clinton as both seek the Democratic presidential nomination.
The measure would create a “too-big-to-fail” list compiled by regulators of banks and bank holding companies whose collapse would be considered to pose a threat to the financial system.