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Aggressively pursue passage of Bill to Reinstate Glass-Steagall act of 1933 in 113th Congress

Created by D.M. on February 02, 2013

Reps. Marcy Kaptur (D-OH) and Walter B. Jones (R-NC) moved immediately within the opening hours of the 113th Congress, to reintroduce legislation to revive Franklin D. Roosevelt's Glass-Steagall act. The new bill, H.R. 129, replaces Kaptur's H.R. 1489, which had 84 cosponsors, but expired with the 112th Congress.

The official Library of Congress website on legislation identifies the purpose of the bill thus: "To repeal certain provisions of the Gramm-Leach-Bliley Act and revive the separation between commercial banking and the securities business, in the manner provided in the Banking Act of 1933, the so-called 'Glass-Steagall Act', and for other purposes."

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