WASHINGTON — Sens. Sherrod Brown, D-Ohio, and David Vitter, R-La., said on Thursday that they plan to introduce legislation addressing concerns about "too big to fail" banks.

The two lawmakers announced their intentions during back-to-back speeches, in which they described their concerns and outlined the contours of their upcoming bill. The legislation will draw upon ideas put forward by the Thomas Hoenig, a director of the Federal Deposit Insurance Corporation and the agency's former Chairman Sheila Bair, along with Richard Fisher, president of the Federal Reserve Bank of Dallas.

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