DE SCR46 | 2017-2018 | 149th General Assembly

Status

Spectrum: Partisan Bill (Democrat 6-0)
Status: Introduced on March 15 2018 - 25% progression
Action: 2018-03-15 - Introduced in Senate
Text: Latest bill text (Draft #1) [HTML]

Summary

This Senate Concurrent Resolution urges 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). Federal legislation based on the Glass-Steagall precedent is needed in order to prohibit commercial banks and bank holding companies from investing in stocks, underwriting securities, or investing in or acting as guarantors to derivative transactions, in order to prevent American taxpayers from being called upon to fund hundreds of billions of dollars to bail out financial institutions.

Tracking Information

Register now for our free OneVote public service or GAITS Professional trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Requesting The Congress Of The United States To Reinstate The Separation Of Commercial And Investment Banking Functions Previously In Effect Under The Glass-steagall Act And Support Efforts To Return To National Banking Policies To Repair Our Nation's Infrastructure.

Sponsors


History

DateChamberAction
2018-03-15 Introduced in Senate

Delaware State Sources


Bill Comments

feedback