About the bill
The 21st Century Glass-Steagall Act (S. 1709, H.R. 3054) would prohibit commercial banks insured by the Federal Deposit Insurance Corporation (FDIC) from acting as or affiliating with investment banks.
A commercial bank holds checking and savings accounts and provides loans for customers. These banks are often insured by the FDIC, which provides a safety guarantee for customers of the insured bank called “deposit insurance.” Investment banks, on the other hand, offer financial advice and facilitate the trade of financial assets. Currently banks can perform both commercial and investment activities ...
Sponsor and status
Sponsor. Senator for Massachusetts. Democrat.
Last Updated: Jul 7, 2015
Length: 36 pages
114th Congress, 2015–2017
This bill was introduced on July 7, 2015, in a previous session of Congress, but was not enacted.
Jul 11, 2013
Earlier Version — Introduced
This activity took place on a related bill, S. 1282 (113th).
Jul 7, 2015
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
Apr 6, 2017
Reintroduced Bill — Introduced
This activity took place on a related bill, S. 881 (115th).
S. 1709 (114th) was 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.
This bill was introduced in the 114th Congress, which met from Jan 6, 2015 to Jan 3, 2017. Legislation not enacted by the end of a Congress is cleared from the books.
How to cite this information.
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GovTrack.us. (2019). S. 1709 — 114th Congress: 21st Century Glass-Steagall Act of 2015. Retrieved from https://www.govtrack.us/congress/bills/114/s1709
“S. 1709 — 114th Congress: 21st Century Glass-Steagall Act of 2015.” www.GovTrack.us. 2015. June 25, 2019 <https://www.govtrack.us/congress/bills/114/s1709>
21st Century Glass-Steagall Act of 2015, S. 1709, 114th Cong..
|title=S. 1709 (114th)
|accessdate=June 25, 2019
|author=114th Congress (2015)
|date=July 7, 2015
|quote=21st Century Glass-Steagall Act of 2015
Where is this information from?
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