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S 2886 111th Congress Senate Finance and Financial Sector Banking and financial institutions regulation Insurance industry and regulation Securities

Banking Integrity Act of 2009

Introduced: December 16, 2009 Introduced by: Cantwell, Maria Democratic · Washington 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
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 16, 2009
Introduced in Senate
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 Plain-English summary Congressional Research Service

Banking Integrity Act of 2009 - 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 of the Federal Reserve System. Authorizes the Board of Governors of the Federal Reserve System to grant limited exceptions.

Prohibits a depository institution from engaging in the business of insurance or any insurance-related activity.

What's happening now December 16, 2009

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Related & companion bills 2
  • HR 4375 Related bill Glass-Steagall Restoration Act
  • HR 4461 Related bill Banking Integrity Act of 2010
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Independent 1
I
Sanders, Bernard
Vermont · Dec 17, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2886: Banking Integrity Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-S-2886/
MLA
"S. 2886: Banking Integrity Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-2886/.
Bluebook (legal)
S. 2886, 111th Cong. (2026), https://openamerica.io/bill/111-S-2886/.
Markdown link
[S. 2886: Banking Integrity Act of 2009](https://openamerica.io/bill/111-S-2886/)
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