| Last Action | to Banking & Insurance (S) |
|---|---|
| Title | A RESOLUTION urging Congress to reinstate the separation of commercial and investment banking functions which were in effect under the Banking Act of 1933, commonly referred to as the Glass-Steagall Act. |
| Bill Documents |
Bill
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| Bill Request Number | 1356 |
| Sponsors | P. Clark, W. Blevins Jr., J. Pendleton |
| Summary of Original Version | Urge congress to reinstate the separation of commercial and investment banking functions which were in effect under the Banking Act of 1933, and Bank Holding Company Act of 1956, collectively known as the Glass-Steagall Act, to prevent commercial banks from investing in risky investments, and to protect taxpayers from being required to bail out too-big-to-fail financial services companies in the next financial crisis. |
| Index Headings of Original Version |
Banks and Financial Institutions - Separation of commercial and investment banks, urge Congress to reinstate Glass-Steagall limits Federal Laws and Regulations - Separation of commercial and investment banks, urge Congress to reinstate Glass-Steagall limits |
| 02/11/11 |
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|---|---|
| 02/15/11 |
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Last updated: 1/16/2019 3:43 PM (EST)