To end "Too Big To Fail" subsidies or funding advantage for Wall Street mega-banks (over $500 billion in total assets).

SA 689. Mr. VITTER (for himself, Mr. Brown, Mr. Corker, and Mr.
Pryor) submitted an amendment intended to be proposed by him to the
concurrent resolution S. Con. Res. 8, setting forth the congressional
budget for the United States Government for fiscal year 2014, revising
the appropriate budgetary levels for fiscal year 2013, and setting
forth the appropriate budgetary levels for fiscal years 2015 through
2023; as follows:

At the appropriate place insert the following:

SEC. ___. DEFICIT-NEUTRAL RESERVE FUND TO END ``TOO BIG TO
FAIL'' SUBSIDIES OR FUNDING ADVANTAGE FOR WALL
STREET MEGA-BANKS (OVER $500 BILLION IN TOTAL
ASSETS).

The Chairman of the Senate Committee on the Budget may
revise the allocations of a committee or committees,
aggregates, and other appropriate levels in this resolution
for one or more bills, joint resolutions, amendments,
amendments between houses, motions, or conference reports
related to any subsidies or funding advantage relative to
other competitors received by bank holding companies with
over $500,000,000,000 in total assets, which may include
elimination of any subsidies or funding advantage relative to
other competitors resulting from the perception of federal
assistance to prevent receivership, or any subsidies or
funding advantage relative to other competitors resulting
from the perception of federal assistance to facilitate exit
from receivership, or to realign market incentives to protect
the taxpayer, except in the case of Federal assistance
provided in response to a natural disaster, without raising
new revenue, by the amounts provided in such legislation for
that purpose, provided that such legislation would not
increase the deficit over either the period of the total of
fiscal years 2014 through 2018 or the period of the total of
fiscal years 2014 through 2023.
______