Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Senators once again pitch resurrected Glass-Steagall

Joe Mont | April 7, 2017

Once again, in what is becoming an annual rite of spring, a coalition of bipartisan senators is trying to bring back the Glass-Steagall Act.

Among the reasons this latest effort may be finally poised for success, is a surprising level of support from both major political parties. President Donald J. Trump, Treasury Secretary Steve Mnuchin, and National Economic Council Director Gary Cohn have all expressed various degrees of support for the concept. Both the 2016 Democratic and Republican party platforms supported reinstating Glass-Steagall.

Senators Elizabeth Warren (D-Mass.), John McCain (R-Ariz.), Maria Cantwell (D-Wash.), and Angus King (I-Maine) jointly re-introduced their 21st Century Glass-Steagall Act on Thursday. It is intended to be “a modern version...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.