21st Century Glass-Steagall Act of 2017

Summary

21st Century Glass-Steagall Act of 2017 This bill amends the Federal Deposit Insurance Act, the Bank Holding Company Act of 1956, the Home Owner's Loan Act, the International Banking Act of 1978, the federal bankruptcy code, and other laws to: limit affiliations between an insured depository institution and any insurance company, securities entity, or swaps entity ; restrict the authority of a national banking association to purchase or sell investment securities or stock, invest in certain structured or synthetic products, control or hold an interest in financial subsidiaries, or otherwise engage in nonbanking activities; restrict the authority of a federal savings association to invest in, redeem, or hold shares or certificates issued by an open-end management investment company;  limit the authority of a financial holding company to engage in nonfinancial activities; disallow certain foreign banks from engaging in nonbanking activities in the United States; repeal bankruptcy code provisions related to the contractual right to liquidate, terminate, or accelerate certain types of financial instruments; and establish various enforcement and penalty provisions.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 22 May 2017

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 22 May 2017

   Introduced

   Introduced in House

   Source: IntroReferral

3. 22 May 2017

   Introduced

   Introduced in House

   Source: IntroReferral

4. 22 May 2017

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

5. 23 June 2017

   Referred

   Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 22 May 2017 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 22 May 2017

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 22 May 2017

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 22 May 2017

  Open at official source

  Leesvertaling

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Capuano, Michael E. [D-MA-8] · D · Sponsor
• Rep. Jones, Walter B., Jr. [R-NC-3] · R · Sponsor
• Rep. Ellison, Keith [D-MN-5] · D · Sponsor
• Rep. Green, Gene [D-TX-29] · D · Sponsor
• Rep. Tonko, Paul [D-NY-20] · D · Sponsor
• Del. Norton, Eleanor Holmes [D-DC-At Large] · D · Sponsor
• Rep. Conyers, John, Jr. [D-MI-13] · D · Sponsor
• Rep. McGovern, James P. [D-MA-2] · D · Sponsor
• Sen. Welch, Peter [D-VT] · D · Cosponsor
• Rep. Gabbard, Tulsi [D-HI-2] · D · Cosponsor
• Rep. Lee, Barbara [D-CA-12] · D · Cosponsor
• Rep. Tsongas, Niki [D-MA-3] · D · Cosponsor
• · hsju00 · Standing
• · hsba00 · Standing

Related records

• related to → 21st Century Glass-Steagall Act of 2017