3.0.0 881 2023-01-11T13:36:58Z 2023-01-11T13:36:58Z Senate S 2017-04-06 115 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings by 2017-05-18T14:00:02Z Referred to 2017-04-06T20:35:15Z 21st Century Glass-Steagall Act of 2017 115 2585 HR 2017-06-23 Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law. Related bill CRS 2017-05-18 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-57. Committee 2017-04-06 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2017-04-06 Introduced in Senate IntroReferral 10000 9 Library of Congress W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. N M000303 Sen. McCain, John [R-AZ] JOHN MCCAIN R AZ SIDNEY 2017-04-06 True C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA 2017-04-06 True K000383 Sen. King, Angus S., Jr. [I-ME] Angus King I ME S. 2017-04-06 True G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2017-04-07 False S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2017-04-24 False B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2017-05-03 False M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2017-05-03 False M000133 Sen. Markey, Edward J. [D-MA] Edward Markey D MA J. 2017-05-08 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 2017-04-06 Introduced in Senate 2018-02-01T22:37:09Z 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 A bill 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 Senate IS Short Titles as Introduced 21st Century Glass-Steagall Act of 2017 Introduced in Senate 2017-04-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s881is/xml/BILLS-115s881is.xml 2017-05-18 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-57. 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.