Banking legislation; memorializing Congress to enact legislation to reinstate certain functions. (SJ273)
Introduced By
Sen. Dick Black (R-Leesburg) with support from co-patron Del. Bob Marshall (R-Manassas)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
Description
Memorializing Congress to enact banking legislation. Memorializes the Congress of the United States to enact legislation that would reinstate the separation of commercial and investment banking functions that were in effect under the Glass-Steagall Act (Banking Act of 1933). Legislation enacted should be modeled on H.R. 1489 of the 112th Congress. Read the Bill »
Status
02/01/2013: Failed to Pass in Committee
History
| Date | Action |
|---|---|
| 12/13/2012 | Prefiled and ordered printed; offered 01/09/13 13102519D |
| 12/13/2012 | Referred to Committee on Rules |
| 02/01/2013 | Passed by indefinitely in Rules |
Comments
Glass was from VA. Steagall from AL knew after '29 we should never have financial collapse with the standards put in place with the Glass-Steagall Act of 1933. So we didn't until the bill was taken out in 1999 with the Gramm-Leach-Bliley Act ending 66 years of economic stability. The GAB should be awash with citizens who have a commercial bank account whose money needs to be protected from the investment bankers.