Glass-Steagall Act (FDIC)

By: Blake Jarrett 4th period

What was the Glass-Steagall Act? When was the Act passed?

The Glass-Steagall Act was that limited commerical bank securities, activities, and affiliations within commerical banks and securities. This act passed in 1933

Who repealed the Glass Steagall Act?

Bill Clinton signed it into law . And most of it was repealed in 1999 by the Gramn-Leach- Bliley Act (GLBA)

Does Glass-Steagall Act still exist today?

Do we still use it?

We do still use the act in many times that we need to. Its many use for banking It was the republican bills that helped the thieves on wall street. Garn-St. Germain Depository Institutions Act of 1982, the Gramm–Leach–Bliley Act 1999, all republican bills. What it shows is the collusion of democrat and republican clinton was president in 1999

Are you for Glass-Steagall Act?

An act the U.S. Congress passed in 1933 as the Banking Act, which prohibited commercial banks from participating in the investment banking business. The Glass-Steagall Act was sponsored by Senator Carter Glass, a former Treasury secretary, and Senator Henry Steagall, a member of the House of Representatives and chairman of the House Banking and Currency Committee.
Read more: Glass-Steagall Act Definition | Investopedia