As introduced by Rep. Marcy Kaptur on April 12, 2011, the Glass-Steagall act of 1933 should be reinstated. It is not prudent to have banks acting as sales people for insurance and securities. Approve H.R. 1489:
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.