WASHINGTON — Sen. Sherrod Brown, D-Ohio, has scheduled a hearing for July 31 to discuss a highly anticipated Government Accountability Office report on "too big to fail" due out the same day.

The GAO report, requested by Brown and Sen. David Vitter, R-La., examines the size of a market subsidy for large banks considered "too big to fail." Brown and others have warned that big financial institutions get billions from the markets in advantages for their size, on the assumption that the government would again bail them out in the event of a crisis.

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