Glass–Steagall legislation
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The Glass–Steagall legislation describes four provisions of the United States Banking Act of 1933 separating commercial and investment banking.
Sen. Carter Glass (D–Va.) and Rep. Henry B. Steagall (D–Ala.-3), the co-sponsors of the Glass–Steagall Act.
Dodd–Frank Act
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The Dodd–Frank Wall Street Reform and Consumer Protection Act, commonly referred to as the Dodd–Frank Act, is a United States federal law enacted on July 21, 2010, as the primary legislative response
Glass–Steagall legislation
…that did them in". Following the 2008 financial crisis, legislators unsuccessfully tried to reinstate Glass–Steagall Sections 20 and 32 as part of the Dodd–Frank Wall Street Reform and Consumer Protection Act. Both in the United States and elsewhere around the world, banking reforms have been proposed that refer to Glass–Steagall principles. These proposals…
Share in GDP of U.S. financial sector since 1860
President Barack Obama meeting with Rep. Barney Frank, Sen. Dick Durbin, and Sen. Chris Dodd, at the White House prior to a financial regulatory reform announcement on June 17, 2009
Ben Bernanke (lower-right), Chairman of the Federal Reserve Board of Governors, at a House Financial Services Committee hearing on February 10, 2009
President Barack Obama addresses reporters about the economy and the need for financial reform in the Diplomatic Reception Room of the White House on February 25, 2009.