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. 6 April 2017

   Introduced

   Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

   Source: IntroReferral

2. 6 April 2017

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 18 May 2017

   Committee

   Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-57.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 6 April 2017 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 6 April 2017

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 6 April 2017

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 6 April 2017

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  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

• Sen. Warren, Elizabeth [D-MA] · D · Sponsor
• Sen. McCain, John [R-AZ] · R · Sponsor
• Sen. Cantwell, Maria [D-WA] · D · Sponsor
• Sen. King, Angus S., Jr. [I-ME] · I · Sponsor
• Sen. Gillibrand, Kirsten E. [D-NY] · D · Cosponsor
• Sen. Sanders, Bernard [I-VT] · I · Cosponsor
• Sen. Baldwin, Tammy [D-WI] · D · Cosponsor
• Sen. Merkley, Jeff [D-OR] · D · Cosponsor
• Sen. Markey, Edward J. [D-MA] · D · Cosponsor
• · ssbk00 · Standing

Related records

• related to ← 21st Century Glass-Steagall Act of 2017
• related to ← 21st Century Glass-Steagall Act of 2015