3.0.0 2585 2023-01-11T13:36:41Z 2023-01-11T13:36:41Z House HR 2017-05-22 115 [Congressional Record Volume 163, Number 88 (Monday, May 22, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CAPUANO:H.R. 2585.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3[Page H4424]]]> hsju00 Judiciary Committee House Standing hsju05 Administrative State, Regulatory Reform, and Antitrust Subcommittee Referred to 2017-06-23T15:03:41Z Referred to 2017-05-22T16:00:13Z hsba00 Financial Services Committee House Standing Referred to 2017-05-22T16:00:08Z 21st Century Glass-Steagall Act of 2017 115 881 S 2017-05-18 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-57. Related bill CRS 2017-06-23 hsju05 Administrative State, Regulatory Reform, and Antitrust Subcommittee 1 House committee actions Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law. Committee 2017-05-22 Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsju00 Judiciary Committee 2017-05-22 Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2017-05-22 Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-05-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-05-22 Introduced in House IntroReferral 1000 9 Library of Congress C001037 Rep. Capuano, Michael E. [D-MA-7] MICHAEL CAPUANO D MA E. 7 N J000255 Rep. Jones, Walter B., Jr. [R-NC-3] WALTER JONES R NC B. 3 2017-05-22 True E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2017-05-22 True G000410 Rep. Green, Gene [D-TX-29] GENE GREEN D TX 29 2017-05-22 True T000469 Rep. Tonko, Paul [D-NY-20] Paul Tonko D NY 20 2017-05-22 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2017-05-22 True C000714 Rep. Conyers, John, Jr. [D-MI-13] JOHN CONYERS D MI 13 2017-05-22 True M000312 Rep. McGovern, James P. [D-MA-2] JAMES MCGOVERN D MA P. 2 2017-05-22 True W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2017-06-06 False G000571 Rep. Gabbard, Tulsi [D-HI-2] Tulsi Gabbard D HI 2 2017-07-26 False L000551 Rep. Lee, Barbara [D-CA-13] BARBARA LEE D CA 13 2017-08-08 False T000465 Rep. Tsongas, Niki [D-MA-3] Niki Tsongas D MA 3 2017-08-08 False Finance and Financial Sector Banking and financial institutions regulation Bankruptcy Congressional oversight Contracts and agency Financial services and investments Insurance industry and regulation Securities Finance and Financial Sector 00 2017-05-22 Introduced in House 2018-02-09T15:45:47Z 21st Century Glass-Steagall Act of 2017

This bill amends the Federal Deposit Insurance Act, the Bank Holding Company Act of 1956, the Home Owner's Loan Act, the International Banking Act of 1978, the federal bankruptcy code, and other laws to:

  • limit affiliations between an insured depository institution and any insurance company, securities entity, or swaps entity;
  • restrict the authority of a national banking association to purchase or sell investment securities or stock, invest in certain structured or synthetic products, control or hold an interest in financial subsidiaries, or otherwise engage in nonbanking activities;
  • restrict the authority of a federal savings association to invest in, redeem, or hold shares or certificates issued by an open-end management investment company; 
  • limit the authority of a financial holding company to engage in nonfinancial activities;
  • disallow certain foreign banks from engaging in nonbanking activities in the United States;
  • repeal bankruptcy code provisions related to the contractual right to liquidate, terminate, or accelerate certain types of financial instruments; and
  • establish various enforcement and penalty provisions.
]]> 21st Century Glass-Steagall Act of 2017 Display Title 21st Century Glass-Steagall Act of 2017 Official Title as Introduced To reduce risks to the financial system by limiting banks' ability to engage in certain risky activities and limiting conflicts of interest, to reinstate certain Glass-Steagall Act protections that were repealed by the Gramm-Leach-Bliley Act, and for other purposes. Introduced in House IH Short Titles as Introduced 21st Century Glass-Steagall Act of 2017 Introduced in House 2017-05-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2585ih/xml/BILLS-115hr2585ih.xml 2017-06-23 Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.