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.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill provides glass-Steagall revived Section 18 of the Federal Deposit Insurance Act (12 U.S.C, requires repeal of Gramm-Leach-Bliley Act provisions Section 4 of the Bank Holding Company Act of 1956 (12 U.S.C, and provides reports to the Congress Each time the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, or another appropriate Federal banking agency makes a determination or an extension under. It relies on compliance mandates, definition changes, appropriations, and reporting requirements. The main policy areas are Finance, Environmental Groups, and Environment.
Who Benefits and How
Financial services firms and customers affected by the bill could face lower compliance burdens, Environmental and public health interests affected by the bill could face lower compliance burdens, and Businesses and employers affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Financial services firms and customers affected by the bill could lose revenue opportunities, and Environmental and public health interests affected by the bill would take on compliance duties.
Key Provisions
- Provides glass-Steagall revived Section 18 of the Federal Deposit Insurance Act (12 U.S.C.
- Requires repeal of Gramm-Leach-Bliley Act provisions Section 4 of the Bank Holding Company Act of 1956 (12 U.S.C.
- Provides reports to the Congress Each time the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, or another appropriate Federal banking agency makes a determination or an extension under...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill provides glass-Steagall revived Section 18 of the Federal Deposit Insurance Act (12 U.S.C, requires repeal of Gramm-Leach-Bliley Act provisions Section 4 of the Bank Holding Company Act of 1956 (12 U.S.C, and provides reports to the Congress Each time the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, or another appropriate Federal banking agency makes a determination or an extension under.
Key Policy Areas
Finance, Environmental Groups, Environment
Primary Purpose
The bill provides glass-Steagall revived Section 18 of the Federal Deposit Insurance Act (12 U.S.C, requires repeal of Gramm-Leach-Bliley Act provisions Section 4 of the Bank Holding Company Act of 1956 (12 U.S.C, and provides reports to the Congress Each time the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, or another appropriate Federal banking agency makes a determination or an extension under.
Policy Domains
Whole bill
Identified Gains
- Financial services firms and customers affected by the bill
- Environmental and public health interests affected by the bill
- Businesses and employers affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Financial services firms and customers affected by the bill
- Environmental and public health interests affected by the bill
- Businesses and employers affected by the bill
Sponsors
Legislative Progress
IntroducedMs. Kaptur (for herself, Ms. Norton, Ms. Omar, Ms. Pingree, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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