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H.R.3711: 21st Century Glass-Steagall Act of 2013

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about finance and financial sector
You can read the bill
Sponsor John F. Tierney, D-Mass.
Total Cosponsors 13 (12 Democrats, 1 Republican)
Introduced Dec. 11, 2013
Latest Major Action Jan. 27, 2014
See it on GovTrack
See it on C-SPAN

Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

21st Century Glass-Steagall Act of 2013 - Amends the Federal Deposit Insurance Act to prohibit an insured depository institution from: (1) being or becoming an affiliate of any insurance company, securities entity, or swaps entity; (2) being in common ownership or control with any insurance company, securities entity, or swaps entity; or (3) engaging in any activity that would cause the insured depository institution to qualify as an insurance company, securities entity, or swaps entity.

Prohibits any individual who is an officer, director, partner, or employee of any securities entity, insurance company, or swaps entity, except in specified circumstances, from serving simultaneously as an officer, director, employee, or other institution-affiliated party of any insured depository institution.

Makes certain technical and conforming amendments to the Banking Act of 1933 and the Revised Statutes of the United States to limit the business of national banks to receivin...

(Source: Congressional Research Service)

Bill Actions

Date Description
Jan. 27, 2014 Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
Dec. 11, 2013 Referred to House Judiciary
Dec. 11, 2013 Referred to House Financial Services