21st Century Glass-Steagall Act

21st Century Glass-Steagall Act

This Bill has:
17% Democratic Support in the Senate
4% Democratic Support in the House

    

























    This bill was introduced by Michael Capuano in the house and by Elizabeth Warren in the senate.
    This bill would would separate traditional banks that have savings and checking accounts and are insured by the Federal Deposit Insurance Corporation from riskier financial institutions that offer services such as investment banking, insurance, swaps dealing, and hedge fund and private equity activities. The bill would clarify regulatory interpretations of banking law provisions that undermined the protections under the original Glass-Steagall and would make "Too Big to Fail" institutions smaller and safer, minimizing the likelihood of a government bailout.
House Bill: H.R. 2585
Democratic Support: 7
Introduced by: Rep. Capuano, Michael E. [D-MA-7] (Introduced 05/22/2017)
Latest Action: 06/23/2017 Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.

Cosponsors:




Bernie Sanders on Glass-Steagall

Senate Bill: S. 881
Democratic Support: 8
Introduced by: Sen. Warren, Elizabeth [D-MA] (Introduced 04/06/2017)
Latest Action: 05/18/2017 Committee on Banking, Housing, and Urban Affairs. Hearings held.


Cosponsors:



Elizabeth Warren reintroduces Glass-Steagall Act