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Work to reinstate the provisions of the Glass-Steagall Act that separate Investment and Commercial Banking.

Created by Z.C. on September 23, 2011

Enacted as The Banking Act of 1933, and commonly referred to at the Glass-Steagall Act, this laid the regulatory framework for the economic prosperity following World War II.

In short, we ask for an effort to repeal of 1999's Gramm–Leach–Bliley Act, which effectively removed the separation between the speculative investment banks and the conservative commercial banks, with the goal that "safe" deposits and investments can no longer be used for risky investment schemes.

While we appreciate the efforts of 2010's Dodd–Frank Wall Street Reform and Consumer Protection Act, further regulation is needed to protect consumers' savings and investments

Economy & Jobs
Government & Regulatory Reform
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