U.S. Congress - H.R.1489 Return to Prudent Banking Act of 2011
H.R.1489 - Return to Prudent Banking Act of 2011
Return to Prudent Banking Act of 2011 view all titles (3)
All Bill Titles
- Official: Return to Prudent Banking Act of 2011 as introduced.
- Short: Return to Prudent Banking Act of 2011 as introduced.
- Official: 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. as introduced.
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Bill's Views
- Today: 8
- Past Seven Days: 44
- All-Time: 4,926
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Official Summary
4/12/2011--Introduced.Return to Prudent Banking Act of 2011 - Amends the Federal Deposit Insurance Act (FDIA) to prohibit an insured depository institution from being an affiliate of any broker or dealer, investment adviser, investment company, or any other person or entity engaged principOfficial Summary
4/12/2011--Introduced.Return to Prudent Banking Act of 2011 - Amends the Federal Deposit Insurance Act (FDIA) to prohibit an insured depository institution from being an affiliate of any broker or dealer, investment adviser, investment company, or any other person or entity engaged principally in the issue, flotation, underwriting, public sale, or distribution of stocks, bonds, debentures, notes, or other securities. Prohibits officers, directors and employees of securities firms from simultaneous service on the boards of depository institutions, except in specified circumstances. Requires any such individual serving as an officer, director, employee, or other institution-affiliated party of any insured depository institution to terminate such service as soon as practicable after enactment of this Act. Requires an insured depository institution to wind-down in an orderly manner and terminate any affiliation prohibited by this Act. Amends the Banking Act of 1933 (Glass-Steagall Act) to expand its prohibition against the transaction of banking activities by securities firms. Declares that Congress ratifies the interpretation by the Supreme Court of specified statutory language in the case of Investment Company Institute v. Camp ( ICI vs. Camp) regarding permissible activities of banks and securities firms. Declares that the reasoning of the Court in that case shall continue to apply to the limitations placed upon security affiliations under the FDIA as enacted by this Act. Prohibits a federal banking agency or federal court from issuing an interpretation regarding such security affiliations that is narrower than that of Court in ICI vs. Camp. Makes technical and conforming changes to the Gramm-Leach-Bliley Act, the Revised Statutes of the United States, and specified federal law. Requires the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, or another appropriate federal banking agency to report to Congress a detailed description of the basis for its decision each time it makes a determination or grants an extension concerning an affiliation between insured depository institutions and investment banks or securities firms....Read the Rest
Organizations Supporting H.R.1489
- LaRouche Political Action Committee
- Washington Liberals
Organizations Opposing H.R.1489
- None via MapLight at this time.
Recent News Coverage
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The Glass-Steagall Moment is Upon Us
It's your mistake, which is continuing! LaRouche PAC Organizing for Glass-Steagall HR1489 is current legislation in the US Congress. "And that's the situation we have in Europe, and that, really, is also the situation in the United States.
State’s Attorney turns in resignation
He asked that elected officials urge U.S. Representative Kristi Noem to co-sponsor H.C.R. 107, a bill expressing that only Congress has the power to declare war, not the President; to co-sponsor H.R. 1489, which would restore the Glass-Steagall Act.
LaRouche on the Pennington County agenda
Nestled at the bottom of this week’s Pennington County Commission agenda is an interesting item: “Request for support of congressional bills HCR107, HR1489 and the NAWAPA water project – LaRouche PAC.” The movement of perennial ...
Recent Blog Coverage
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Loans in Oklahoma | Lyndon LaRouche: War is Globalist Favorite ...
-no ones “squabling” but U. Put that pumping blood and teeth to some good and call your congressman and ask them to have you for a meeting to discuss his/her sponsorship of the passage of HR 1489. That is the only way ...
Loans in Oklahoma | Lyndon LaRouche: War is Globalist Favorite ...
-no ones “squabling” but U. Put that pumping blood and teeth to some good and call your congressman and ask them to have you for a meeting to discuss his/her sponsorship of the passage of HR 1489. That is the only way ...
Occupy Movement In Perspective: List of Demands
CONGRESS PASS HR 1489 REINSTATING GLASS-STEAGALL ACT. http://en.wikipedia.org/wiki/Glass–Steagall_Act --- Wiki entry summary: The repeal of provisions of the Glass–Steagall Act of 1933 by the Gramm–Leach–Bliley Act in 1999 ...
Latest Letters to Congress
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H.R.1489 Return to Prudent Banking Act of 2011
ayrerperformance
May 26, 2012
I am writing as your constituent in the 3rd Congressional district of New Jersey. I support H.R.1489 - Return to Prudent Banking Act of 2011, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
Sincerely,
James Ayrer -
H.R.1489 Return to Prudent Banking Act of 2011
ksondere
February 03, 2012
Please allow me to introduce myself. I am a BYU alumni having graduated with a double bachelors degree in Microbiology and Electrical Engineering. I worked 15 years at Novell and obtained over ten patents while I was there. One of the inventions has led to the Zenworks product line which has provided over 1/3 of Novell's revenue for about a decade. I have since moved on to work for Visa which creates the "digital currency for the world".
And currency is what I'm writing about today. At... -
H.R.1489 Return to Prudent Banking Act of 2011
ddewsbury
January 24, 2012
I am writing as your constituent in the 0th Congressional district of South Dakota. I support H.R.1489 - Return to Prudent Banking Act of 2011, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
Sincerely,
duane dewsbury
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