S. 900 (106th): Gramm-Leach-Bliley Act

Introduced:

Apr 28, 1999
106th Congress, 1999–2000

Status:

Enacted — Signed by the President on Nov 12, 1999

This bill was enacted after being signed by the President on November 12, 1999.

Law:

Pub.L. 106-102

Sponsor:

Phil Gramm

Senator from Texas

Republican

Text:

Read Text »
Last Updated: Nov 8, 1999
Length: 144 pages

About the bill

Full Title

An Act to enhance competition in the financial services industry by providing a prudential framework for the affiliation of banks, securities firms, and other financial service providers, and for other purposes.

Summary

The Gramm–Leach–Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, (Pub.L. 106–102, 113 Stat. 1338, enacted November 12, 1999) is an act of the 106th United States Congress (1999–2001). It repealed part of the Glass–Steagall Act of 1933, removing barriers in the market among banking companies, securities companies and insurance ...

(Wikipedia)

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History

Mar 4, 1999
 
Reported by Committee

A committee has issued a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Apr 28, 1999
 
Introduced

This is the first step in the legislative process.

May 6, 1999
 
Passed Senate

The bill was passed in a vote in the Senate. It goes to the House next.

Jul 20, 1999
 
Passed House

The bill was passed by both chambers in identical form. It goes to the President next who may sign or veto the bill. The vote was without objection so no record of individual votes was made.

Jul 20, 1999
 
Text Published

Updated bill text was published as of Passed the House (Engrossed) with an Amendment.

Nov 4, 1999
 
Conference Report Agreed to by Senate

A conference committee was formed, comprising members of both the House and Senate, to resolve the differences in how each chamber passed the bill. The Senate approved the committee's report proposing the final form of the bill for consideration in both chambers. The House must also approve the conference report.

Nov 4, 1999
 
Conference Report Agreed to by House

The bill was passed by both chambers in identical form. It goes to the President next who may sign or veto the bill.

Nov 12, 1999
 
Enacted — Signed by the President

The President signed the bill and it became law.

This page is about a bill in the United States Congress. A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Links & tools

Primary Source

Congress.gov

Congress.gov is updated generally one day after events occur. Legislative activity since the last update may not be reflected on GovTrack. Data via congress project.

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