Official Bill Info

• Latest Action: Dec 16, 2009 Introduced in Senate

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  I know the most recent action for this bill is as follows: "Introduced in Senate" on Dec 16, 2009
• Committee Assignment: Senate Banking, Housing, and Urban Affairs

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  This bill has been assigned to the Senate Banking, Housing, and Urban Affairs committee.

Bill Statistics on OpenCongress

Contribution Data

OpenCongress Bill Summary

• A response to the recent financial crisis and the subsequent government bailouts, this bill would essentially reinstate the New Deal-era Glass-Steagall Act that, until its repeal in 1999, separated commercial banking from investment banking.

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  Here's a summary from OpenCongress.org: A response to the recent financial crisis and the subsequent government bailouts, this bill would essentially reinstate the New Deal-era Glass-Steagall Act that, until its repeal in 1999, separated commercial banking from investment banking.

Most-commented sections of the bill text

• ‘Sec. 32. Beginning 1 year after the date of enactment of the Banking Integrity Act of 2009, no officer, director, or employee of any corporation or unincorporated association, no partner or employee of any partnership, and no individual, primarily engaged in the issue, flotation, underwriting, public sale, or distribution, at wholesale or retail, or through syndicate participation, of stocks, bonds, or other similar securities, shall serve simultaneously as an officer, director, or employee of any member bank, except in limited classes of cases in which the Board of Governors of the Federal Reserve System may allow such service by general regulations when, in the judgment of the Board of Governors, it would not unduly influence the investment policies of such member bank or the advice given to customers by the member bank regarding investments.’. (1 comments, Link )

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  specifically, this section of the legislation: "‘Sec. 32. Beginning 1 year after the date of enactment of the Banking Integrity Act of 2009, no officer, director, or employee of any corporation or unincorporated association, no partner or employee of any partnership, and no individual, primarily engaged in the issue, flotation, underwriting, public sale, or distribution, at wholesale or retail, or through syndicate participation, of stocks, bonds, or other similar securities, shall serve simultaneously as an officer, director, or employee of any member bank, except in limited classes of cases in which the Board of Governors of the Federal Reserve System may allow such service by general regulations when, in the judgment of the Board of Governors, it would not unduly influence the investment policies of such member bank or the advice given to customers by the member bank regarding investments.’.",

Highest Rated User Comments

Highly Rated Blog Articles

• As Long As “WE THE PEOPLE” Remain In The Dark ~ NWO Gang Remains ... - December 30, 2010 by Political Vel Craft - The Senate bill, as is well known, is that introduced by Senators Maria Cantwell (D-WA) and John McCain (R-AZ), called the Banking Integrity Act (S. 2886), with 6 co-sponsors. There is, of course, one simple way to move the ...

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  As noted by Political Vel Craft on December 30, 2010, "The Senate bill, as is well known, is that introduced by Senators Maria Cantwell (D-WA) and John McCain (R-AZ), called the Banking Integrity Act (S. 2886), with 6 co-sponsors. There is, of course, one simple way to move the ..." (http://politicalvelcraft.org/2010/12/31/as-long-as-we-the-people-remain-in-the-dark-nwo-gang-remains-dead-serious-foreclose-on-the-british-empire-with-glass-steagall/)
• S. 2886 [110th]: Alternative Minimum Tax and Extenders Tax Relief ... - September 16, 2010 by Active Legislation -- Tracked by GovTrack.us - 16 Apr 2008

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  As noted by Active Legislation -- Tracked by GovTrack.us on September 16, 2010, "16 Apr 2008 " (http://www.govtrack.us/congress/bill.xpd?bill=s110-2886)
• "Bailout Barney" is Personally Sitting On, And Blocking, Glass ... - September 07, 2010 by LaRouchePAC - The Senate bill, as is well known, is that introduced by Senators Maria Cantwell (D-WA) and John McCain (R-AZ), called the Banking Integrity Act (S. 2886), with 6 co-sponsors. There is, of course, one simple way to move the ...

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  As noted by LaRouchePAC on September 07, 2010, "The Senate bill, as is well known, is that introduced by Senators Maria Cantwell (D-WA) and John McCain (R-AZ), called the Banking Integrity Act (S. 2886), with 6 co-sponsors. There is, of course, one simple way to move the ..." (http://www.larouchepac.com/node/15714)

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