5a6a12d3_se_and_Senate_Financial_Reform__Senate
[0] Too Big to Fail [House] Creates a $150 billion fund of levies on largest financial firms to cover costs of firms’ failures; 11-member Financial Stability Council, made up of existing regulators, will oversee financial system [Senate] 
Costs for failed firms would be pooled to largest firms after a failure; Large, failing firms can be liquidated in a process similar to that used by FDIC to seize a failing bank; 9-member Financial Stability Council, made up of existing regulators, will oversee financial system and recommend to the Fed new rules to govern complex firms in order ensure their stability