1. A crackdown on 'too big to fail' companies
A 10-member Financial Stability Oversight Council - headed by the treasury secretary - will be created and tasked with monitoring threats to the country's financial system, which would include identifying companies whose failure would compromise the entire financial system.
Once identified, these big interconnected companies would be subject to tougher regulations and would be overseen by the Federal Reserve, who would have the power to liquidate these large institutions if they were in danger of failing.
Related: Fewer bank bailouts likely