WASHINGTON — Washington's "odd couple" Sens. Sherrod Brown, D-Ohio, and David Vitter, R-La., released their much anticipated bill to tackle "too big to fail" on Wednesday, which included high capital standards for the largest institutions and regulatory relief for smaller banks.

The bill would set a 15% capital requirement for institutions with $500 billion of assets and an 8% requirement for regional banks with between $50 billion and $500 billion of assets. The sweeping bill would also impose a number of additional changes on the industry, such as scrapping proposed Basel III requirements, requiring bank subsidiaries to capitalize separately and restricting the ability of bank holding companies to move assets or liabilities across banking and non-banking affiliates.

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