U.S. Representative John Campbell said he plans to offer legislation intended to shrink too-big- to-fail banks by requiring them to hold more capital including long-term debt.

Lawmakers and regulators from both parties -- including Federal Reserve Governor Daniel Tarullo -- argue that the 2010 Dodd-Frank Act failed to curb the growth of large banks and express support for renewed efforts to limit the kind of systemic risk that fueled the 2008 financial crisis.

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