washington two prominent u.s. democratic senators raise question president donald trump special adviser carl icahn ask letter thursday activist investor attempt persuade government lift big fail tag insurer american international group friday financial stability oversight council comprise chiefs u.s. financial regulatory agencies discuss aig designation systemically important financial institution commonly know one big fail agenda meet council say institution discuss however two non-banks designate large interconnect would ruin financial system fail aig prudential insurance pru.n label trigger strict oversight great capital requirements trump order review designation process currently heart lawsuit involve metlife inc. met.n many expect lead administration rescind current designations try lighten regulation consider burdensome letter u.s. treasury secretary steve mnuchin senators elizabeth warren sheldon whitehouse say icahn retain massive business interest advise trump regulation include sizable investment aig aig.n aig company receive 182 billion taxpayer bailout 2007-09 financial crisis prompt congress call designations non-banks dodd-frank wall street reform law systemically important icahn own 4.95 percent stake aig march 31. concern compliance cost icahn publicly press aig shrink try convince fsoc aig long qualify label recently though aig sell assets appoint new chief executive icahn push issue senators warren whitehouse also note icahn meet one current fsoc member securities exchange commission sec chair jay clayton clayton nominate position give mr. icahn recent modification position breakup aig past interactions administration officials write seek assurances mr. icahn provide input receive information pending fsoc decision aig sifi status say two senators ask fsoc measure ensure individuals interest decisions inappropriately influence members also ask members subject recusal aig interactions icahn staff-level conversations regard icahn investments aig decline comment white house treasury respond request comment senators concern icahn influence regulators aig