Clinton-Administration

Clinton Signs Gramm-Leach-Bliley Act Formally Repealing Glass-Steagall

| Importance: 10/10

President Bill Clinton signs the Financial Services Modernization Act (Gramm-Leach-Bliley Act), formally repealing key provisions of the Glass-Steagall Act after two decades of systematic erosion. The legislation, sponsored by Senator Phil Gramm, Representative Jim Leach, and Representative Thomas …

Bill Clinton Phil Gramm Jim Leach Thomas Bliley Congress gramm-leach-bliley-act glass-steagall-repeal financial-deregulation clinton-administration bipartisan-support
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