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HR 4375 111th Congress House Finance and Financial Sector Banking and financial institutions regulation Financial services and investments Securities

Glass-Steagall Restoration Act

Introduced: December 16, 2009 See on congress.gov
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 16, 2009
Referred to the House Committee on Financial Services.
Dec 16, 2009
Introduced in House
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 Plain-English summary Congressional Research Service

Glass-Steagall Restoration Act - Amends the Banking Act of 1933 (Glass-Steagall Act) to prohibit a member bank from being affiliated with specified organizations engaged principally in the issue, flotation, underwriting, public sale, or distribution of stocks, bonds, debenture, notes, or other securities.

Prohibits the staff and personnel of corporations and partnerships (as well as any individual) primarily engaged in the issue, flotation, underwriting, public sale, or distribution, of stocks, bonds, or other similar securities from serving simultaneously as an officer, director, or employee of any member bank. Authorizes the Board of Governors of the Federal Reserve System to grant an exception in limited classes of cases when in the Board's judgment it would not unduly influence the investment policies of such member bank or the advice it gives its customers regarding investments.

What's happening now December 16, 2009

Referred to the House Committee on Financial Services.

 Related & companion bills 2
  • HR 4461 Related bill Banking Integrity Act of 2010
  • S 2886 Related bill Banking Integrity Act of 2009
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 2
Kagen, Steve
· May 6, 2010
 D
Schakowsky, Janice D.
Illinois · Mar 9, 2010
 D
Kaptur, Marcy
Ohio · Dec 16, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4375: Glass-Steagall Restoration Act. 111th Congress. Open America. https://openamerica.io/bill/111-HR-4375/
MLA
"H.R. 4375: Glass-Steagall Restoration Act." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-4375/.
Bluebook (legal)
H.R. 4375, 111th Cong. (2026), https://openamerica.io/bill/111-HR-4375/.
Markdown link
[H.R. 4375: Glass-Steagall Restoration Act](https://openamerica.io/bill/111-HR-4375/)
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