Make a 21st Century Glass-Steagall a Reality

It’s official: both the Democrats AND the Republicans have approved party platforms that call for reinstating the Glass-Steagall firewall between ordinary commercial banking and the Wall Street casino.[1] For decades, Glass-Steagall protections helped keep our economy safe and prevent the emergence of "Too Big to Fail" banks, before these protections were eventually dismantled.

Now that both parties agree Glass-Steagall is a priority, we need to make sure it isn’t just another empty promise.

There’s already a bill in Congress to restore a modern version of Glass-Steagall, originally co-sponsored by Senators Warren, McCain, Cantwell, and King: The 21st Century Glass-Steagall Act (S. 1709 / H.R. 3054). But of course for it to actually become law, the Chairs of the House Financial Services and the Senate Banking Committees have to take action on this bill.

Will you join us to call on them to act on that platform language and make the 21st Century Glass-Steagall Act a reality?

Thanks for all you do.