1. Short title This Act may be cited as the Too Big To Fail, Too Big To Exist Act . 2. Compilation and report on institutions that are too big to fail (a) Compilation Notwithstanding any other provision of law, not later than 90 days after the date of enactment of this Act, the Financial Stability Oversight Council shall compile and submit to the Secretary of the Treasury a list of entities that it deems Too Big To Fail, which shall include, but is not limited to, any United States bank holding companies that have been identified as systemically important banks by the Financial Stability Board (in this Act referred to as the Too Big To Fail List ). (b) Submission to Congress and the President Upon receipt of the Too Big To Fail List, the Secretary of the Treasury shall submit the List to Congress and the President. 3. Breaking up too big to fail institutions (a) In general Notwithstanding any other provision of law, but not later than 1 year after the date of enactment of this Act, the Secretary of the Treasury shall break up entities included on the Too Big To Fail List, so that their failure would no longer cause a catastrophic effect on the United States or global economy without a taxpayer bailout. (b) Consultation with other regulators In carrying out the requirement of subsection (a), the Secretary of the Treasury shall consult with the primary financial regulatory agency of the entity to be broken up. 4. Prohibition against use of Federal Reserve financing Notwithstanding any other provision of law (including regulations), any entity included on the Too Big To Fail List may not use or otherwise have access to advances from any Federal Reserve credit facility, the Federal Reserve discount window, or any other program or facility made available under the Federal Reserve Act ( 12 U.S.C. 221 et seq.), including any asset purchases, temporary or bridge loans, Government investments in debt or equity, or capital injections from any Federal institution. 5. Prohibition on use of insured deposits (a) In general