Glass-Steagall-Repeal

Gramm-Leach-Bliley Act Retroactively Legalizes Citigroup Merger, Repeals Glass-Steagall

1999-11-12 00:00:00 +0000 UTC | Importance: 9/10

President Clinton signs the Financial Services Modernization Act (Gramm-Leach-Bliley Act), officially repealing key provisions of the Glass-Steagall Act of 1933 that separated commercial and investment banking. The law retroactively legalizes the 1998 Citicorp-Travelers merger that created …

President Bill Clinton Phil Gramm Jim Leach Thomas Bliley Jr Citigroup +2 more gramm-leach-bliley glass-steagall-repeal financial-deregulation citigroup regulatory-capture +1 more

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

1999-11-12 00:00:00 +0000 UTC | 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