06/30/2010 05:12 am ET Updated May 25, 2011

Sen. Sherrod Brown: SAFE Act Will Let Us Break Up Big Banks

Think about the position we would put some future administration and Congress in if the trends toward concentration remain unchecked. Will Washington really have the fortitude in 10 or 20 years to shut down a bank that has grown to more than 20 percent of our nation's GDP?

These concerns are why I have introduced the SAFE Banking Act with Sen. Ted Kaufman (D-Del.). This legislation -- which we are offering as an amendment to the bill being debated on the Senate floor -- would ensure that no bank becomes so large that it could overwhelm our ability to regulate, and, if necessary, liquidate it.

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