Pressure Congress to enact the 21st Century Glass-Steagall Act, which would revive sections 20 and 32 of the act.

This week, McCain, Cantwell, Sen. Elizabeth Warren (D-MA), and Sen. Angus King (I-ME) proposed the 21st Century Glass-Steagall Act, which would revive sections 20 and 32 of the act, which the Gramm-Leach-Bliley Act of 1999 repealed. Section 20 banned state-chartered or national banks that are Federal Reserve members from being affiliated with companies that are “engaged principally” in securities-dealing. Section 32 banned Fed member banks from sharing corporate board members with companies “engaged principally” in securities-dealing. As the great recession of 2008 has been directly connected to the repeal of the sections, it is in the interest of all citizens of the United States of America to enact this legislation and prevent a recurrence of the travesty which occurred due it's repeal