US Rep. Paul E. Kanjorski (D), Chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, has been leading national discussions about the Financial Stability Improvement Act, and today  introduced an amendment that would not allow companies to become “too big to fail.”

According to a press release from Kanjorski’s office, the amendment would “empower federal regulators to rein in and dismantle financial firms that are so large, inter-connected, or risky that their collapse would put at risk the entire American economic system, even if those firms currently appear to be well-capitalized and healthy.”

Kanjorski discussed the amendment on CNBC this morning:

Tags: Kanjorski

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