Bring Back the Glass-Steagall Act!

Bring Back the Glass-Steagall Act!

With the American Economy in crisis the White House should SHEPHERD this act through congress.
Democratic Representative Marcy Kaptur has introduced H.R. 1489 - the Return to Prudent Banking Act of 2011, 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.
That would go a long way toward preventing banks from becoming “too big to fail,” preventing some risky investments and also another worldwide financial meltdown.
The United States would then be obligated to re-establish new firewalls between different types of banking, with the reinstatement of the 'Glass-Steagall Act.'
THE BIG ASK for real job creation!



Take Action

Call your Member of Congress at the Capital Switchboard Operator at 202.224.3121
If you are unsure of who he/she is tell them your ZIP CODE and they will patch you through or email, fax, or write a letter to your Representative … we have 435 of them.

Your message:

As your constituent, I kindly ASK (name of your Representative) to co-sponsor H.R. 1489 - the Return to Prudent Banking Act of 2011, A BILL 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.
That would go a long way toward preventing banks from becoming “too big to fail,” preventing some risky investments and also another worldwide financial meltdown.
The United States would then be obligated to re-establish new firewalls between different types of banking, with the reinstatement of the 'Glass-Steagall Act.

Thank you."