Bill Status of HR1093 99th General Assembly
Short Description: U.S. BANKING REGULATIONS
Rep. Mary E. Flowers
| 1/10/2017||House||Session Sine Die|
Synopsis As Introduced
Urges the United States Congress and the President of the United States to enact legislation that, in order to prevent American taxpayers from being called upon to fund hundreds of billions of dollars to bail out financial institutions, would reinstate the separation of commercial and investment banking functions that was in effect under the Glass-Steagall Act, prohibiting commercial banks and bank holding companies from investing in stocks, from underwriting securities, and from investing in or acting as guarantors to derivative transactions.