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
Reconciling House and Senate Financial Reform
Senate