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.
USA115th CongressS-2544| Senate
| Updated: 3/14/2018
Elizabeth Warren
Democratic Senator
Massachusetts
Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Ending Too Big to Jail Act This bill amends the Emergency Economic Stabilization Act of 2008 to (1) replace 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, (2) task the office with investigating crimes within financial institutions and with conducting material-loss reviews when such institutions fail, and (3) otherwise revise provisions related to crime and fraud in financial institutions.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Accounting and auditingBanking and financial institutions regulationCivil actions and liabilityCriminal investigation, prosecution, interrogationExecutive agency funding and structureFinancial crises and stabilizationFraud offenses and financial crimesGovernment information and archivesGovernment studies and investigations
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.
USA115th CongressS-2544| Senate
| Updated: 3/14/2018
Ending Too Big to Jail Act This bill amends the Emergency Economic Stabilization Act of 2008 to (1) replace 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, (2) task the office with investigating crimes within financial institutions and with conducting material-loss reviews when such institutions fail, and (3) otherwise revise provisions related to crime and fraud in financial institutions.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Elizabeth Warren
Democratic Senator
Massachusetts
Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Accounting and auditingBanking and financial institutions regulationCivil actions and liabilityCriminal investigation, prosecution, interrogationExecutive agency funding and structureFinancial crises and stabilizationFraud offenses and financial crimesGovernment information and archivesGovernment studies and investigations