Sen. Bernie Sanders wants to break apart giant financial companies including J.P. Morgan Chase, Goldman Sachs and Warren Buffett’s conglomerate Berkshire Hathaway, arguing their individual sizes expose the U.S. economy to too much risk.

The Vermont independent and former presidential candidate introduced a bill Wednesday that would require the breakup of any financial company that has a total exposure of greater than 3 percent of gross domestic product. Based on that threshold, which is $584 billion, six banks and the four nonbanks would have to split up…

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