Skip to main content
HR 2585 115th Congress House Finance and Financial Sector Banking and financial institutions regulation Bankruptcy Congressional oversight Contracts and agency Financial services and investments Insurance industry and regulation Securities

21st Century Glass-Steagall Act of 2017

Introduced: May 22, 2017 See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 23, 2017
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
May 22, 2017
Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 22, 2017
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

21st Century Glass-Steagall Act of 2017

This bill amends the Federal Deposit Insurance Act, the Bank Holding Company Act of 1956, the Home Owner's Loan Act, the International Banking Act of 1978, the federal bankruptcy code, and other laws to:

  • limit affiliations between an insured depository institution and any insurance company, securities entity, or swaps entity;
  • restrict the authority of a national banking association to purchase or sell investment securities or stock, invest in certain structured or synthetic products, control or hold an interest in financial subsidiaries, or otherwise engage in nonbanking activities;
  • restrict the authority of a federal savings association to invest in, redeem, or hold shares or certificates issued by an open-end management investment company; 
  • limit the authority of a financial holding company to engage in nonfinancial activities;
  • disallow certain foreign banks from engaging in nonbanking activities in the United States;
  • repeal bankruptcy code provisions related to the contractual right to liquidate, terminate, or accelerate certain types of financial instruments; and
  • establish various enforcement and penalty provisions.
What's happening now June 23, 2017

Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.

 Related & companion bills 1
  • S 881 Related bill 21st Century Glass-Steagall Act of 2017
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 4
All 4 Democratic 4
D
Welch, Peter
Vermont · Jun 6, 2017
 D
McGovern, James P.
Massachusetts · May 22, 2017
 D
Norton, Eleanor Holmes
District of Columbia · May 22, 2017
 D
Tonko, Paul
New York · May 22, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2585: 21st Century Glass-Steagall Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-2585/
MLA
"H.R. 2585: 21st Century Glass-Steagall Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-2585/.
Bluebook (legal)
H.R. 2585, 115th Cong. (2026), https://openamerica.io/bill/115-HR-2585/.
Markdown link
[H.R. 2585: 21st Century Glass-Steagall Act of 2017](https://openamerica.io/bill/115-HR-2585/)
Report a problem