S. 1282 - 21st Century Glass-Steagall Act of 2013

Finance and financial sector. 113th Congress (2013-2014) View bill details
Sponsor:
Summary:
A bill to reduce risks to the financial system by limiting banks' ability to engage in certain risky activities and limiting conflicts of interest, to reinstate certain Glass-Steagall Act protections that were repealed by the Gramm-Leach-Bliley Act, and for other purposes. (by CRS) 
Status:
The bill has been referred to committee. 
There have been no votes on this bill.

21st Century Glass-Steagall Act of 2013

S. 1282 — 113th Congress (2013–2014)

Summary
A bill to reduce risks to the financial system by limiting banks' ability to engage in certain risky activities and limiting conflicts of interest, to reinstate certain Glass-Steagall Act protections that were repealed by the Gramm-Leach-Bliley Act, and for other purposes. (by CRS)
Learn More
At OpenCongress
Title
A bill to reduce risks to the financial system by limiting banks' ability to engage in certain risky activities and limiting conflicts of interest, to reinstate certain Glass-Steagall Act protections that were repealed by the Gramm-Leach-Bliley Act, and for other purposes.
Other Titles
  • 21st Century Glass-Steagall Act of 2013
Sponsor
Elizabeth Warren
Co-Sponsors
Subjects
  • Finance and financial sector
  • Banking and financial institutions regulation
  • Bankruptcy
  • Congressional oversight
  • Contracts and agency
  • Financial services and investments
  • Insurance industry and regulation
  • Securities
Related Bills
Major Actions
Introduced7/11/2013
Referred to Committee
Bill History

There have been no votes on this bill.

ActionDateDescription
Introduced7/11/2013
7/11/2013Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
7/11/2013Sponsor introductory remarks on measure.
NumberSponsorDate OfferedStatus

Total contributions given to Senators from Financial services & consulting, which…

oppose this bill

Financial services & consulting$1,272,305
$1,272,305

36 Organizations Support and 3 Oppose; See Which Ones

Organizations that took a position on
21st Century Glass-Steagall Act of 2013

36 organizations support this bill

AFL-CIO
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
Alliance for a Just Society
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
American Federation of State, County and Municipal Employees
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
Americans for Financial Reform
Jim Lardner (2013, July 11). AFR Statement On Warren/McCain/Cantwell/King ‘21st Century Glass Steagall Act’. Retrieved July 17, 2013, from Our Financial Security.
Center for Effective Government
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
Center for Popular Democracy
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
Communications Workers of America
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
Consumer Action
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
Consumers Union
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
Demos
Alex Amend (2013, July 12). Reinstating Glass-Steagall for the 21st Century. Retrieved July 17, 2013, from Demos.
Gray Panthers
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
Green America
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
Institute for Agriculture and Trade Policy
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
International Association of Machinists and Aerospace Workers
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
International Brotherhood of Teamsters
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
Jobs with Justice
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
LaRouche PAC
LaRouchePAC Policy Committee (2013, July 29). FINAL WEEK FOR CONGRESS TO ACT: WE CAN WIN GLASS-STEAGALL. Retrieved August 13, 2013, from LaRouchePAC.
Leadership Conference on Civil and Human Rights
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
Main Street Alliance
Welter, Joshua (2013, July 18). With Wall Street “Too Big to Fail,” is Main Street “Too Small to Prevail"?. Retrieved August 13, 2013, from Alliance for a Just Society.
Missionary Oblates of Mary Immaculate
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
National Association of Consumer Advocates
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
National Community Reinvestment Coalition
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
National Farmers Organization
National Farmers (2013, July 23). National Farmers supports legislation for increased banking, economic security . Retrieved August 13, 2013, from National Farmers Latest.
National Housing Law Project
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
National People's Action
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
New England Fuel Institute
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
PICO National Network
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
Progressives United
PU (2013, July 13). Sign on to the 21st Century Glass-Steagall Act. Retrieved July 17, 2013, from PU.
Public Citizen
Bartlett Naylor (2013, July 11). Public Citizen Welcomes Warren-McCain 21st Century Reinstatement of Glass-Steagall. Retrieved July 17, 2013, from Public Citizen.
SAFER - Committee of Economists for Safe and Efficient Financial Reform
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
Service Employees International Union
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
U.S. PIRG
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
United Automobile Workers
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
United Church of Christ, Justice and Witness Ministries
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
United for a Fair Economy
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.
USAction
undersigned organizations (2014, June 0). Coalition Letter on S 1282. Retrieved July 9, 2014, from Americans for Financial Reform.

3 organizations oppose this bill

Bank of America
Touryalai, Halah (2013, July 11). Elizabeth Warren Hits Big Banks Where It Hurts, New Bill Would Restore Glass-Steagall. Retrieved July 17, 2013, from Forbes.
Financial Services Forum
Politi, James. & Kirchgaessner, Stephanie. (2013, July 12). Bill to restore Glass-Steagall unnerves Wall St. Financial Times. Retrieved July 23, 2013, from http://www.ft.com/intl/cms/s/0/0678f04c-eb15-11e2-bfdb-00144feabdc0.html.
JPMorgan Chase
Touryalai, Halah (2013, July 11). Elizabeth Warren Hits Big Banks Where It Hurts, New Bill Would Restore Glass-Steagall. Forbes. Retrieved July 17, 2013, from http://www.forbes.com/sites/halahtouryalai/2013/07/11/elizabeth-warren-hits-big-banks-where-it-hurts-new-bill-would-restore-glass-steagall/.

Need proof?

View citations of support and opposition

Includes reported contributions to congressional campaigns of Senators in office during the 113th U.S. Congress, from Financial services & consulting interest groups, January 1, 2008 – December 31, 2013.
Contributions data source: OpenSecrets.org

Contributions by Legislator

Namesort iconPartyState$ From Interest Groups
That Support
$ From Interest Groups
That Oppose
Andrew Lamar AlexanderRTN$0$10,900
Kelly AyotteRNH$0$6,650
Tammy BaldwinDWI$0$4,250
John BarrassoRWY$0$3,999
Mark BegichDAK$0$9,625
Michael BennetDCO$0$31,572
Richard BlumenthalDCT$0$27,150
Roy BluntRMO$0$11,100
John BoozmanRAR$0$200
Barbara BoxerDCA$0$2,200
Sherrod BrownDOH$0$24,800
Richard BurrRNC$0$12,750
Maria CantwellDWA$0$12,450
Ben CardinDMD$0$4,250
Tom CarperDDE$0$26,900
Bob CaseyDPA$0$25,000
Clarence Saxby ChamblissRGA$0$9,700
Daniel CoatsRIN$0$11,300
Tom CoburnROK$0$1,000
William Thad CochranRMS$0$1,000
Susan CollinsRME$0$3,350
Chris CoonsDDE$0$7,666
Bob CorkerRTN$0$37,000
John CornynRTX$0$53,155
Mike CrapoRID$0$11,500
Ted CruzRTX$0$9,900
Joe DonnellyDIN$0$20,150
Dick DurbinDIL$0$6,300
Mike EnziRWY$0$3,500
Dianne FeinsteinDCA$0$6,250
Deb FischerRNE$0$2,250
Jeff FlakeRAZ$0$7,700
Alan FrankenDMN$0$24,100
Kirsten GillibrandDNY$0$49,750
Lindsey GrahamRSC$0$10,000
Chuck GrassleyRIA$0$3,250
Kay HaganDNC$0$7,300
Tom HarkinDIA$0$1,250
Orrin HatchRUT$0$19,900
Martin HeinrichDNM$0$7,124
Heidi HeitkampDND$0$6,500
Dean HellerRNV$0$11,000
Mazie HironoDHI$0$3,700
John HoevenRND$0$5,300
Jim InhofeROK$0$1,250
Johnny IsaksonRGA$0$8,250
Mike JohannsRNE$0$1,250
Ron JohnsonRWI$0$46,966
Tim JohnsonDSD$0$14,300
Timothy KaineDVA$0$14,600
Angus KingIME$0$2,550
Mark KirkRIL$0$38,400
Amy KlobucharDMN$0$22,200
Mary LandrieuDLA$0$7,800
Patrick LeahyDVT$0$2,000
Mike LeeRUT$0$1,000
Carl LevinDMI$0$0
Joe ManchinDWV$0$5,250
John McCainRAZ$0$12,425
Claire McCaskillDMO$0$13,000
Addison "Mitch" McConnellRKY$0$41,055
Bob MenéndezDNJ$0$39,008
Jeff MerkleyDOR$0$7,213
Barbara MikulskiDMD$0$2,000
Jerry MoranRKS$0$3,250
Lisa MurkowskiRAK$0$750
Chris MurphyDCT$0$6,750
Patty MurrayDWA$0$12,850
Clarence "Bill" NelsonDFL$0$21,900
Rand PaulRKY$0$6,200
Rob PortmanROH$0$35,600
Mark PryorDAR$0$500
John "Jack" ReedDRI$0$1,000
Harry ReidDNV$0$31,350
Jim RischRID$0$0
Charles "Pat" RobertsRKS$0$11,100
John "Jay" RockefellerDWV$0$5,050
Marco RubioRFL$0$20,870
Bernie SandersIVT$0$500
Brian SchatzDHI$0$5,099
Chuck SchumerDNY$0$56,550
Tim ScottRSC$0$5,600
Jeff SessionsRAL$0$200
Jeanne ShaheenDNH$0$7,812
Richard ShelbyRAL$0$18,000
Debbie StabenowDMI$0$9,000
Jon TesterDMT$0$16,800
John ThuneRSD$0$2,104
Patrick ToomeyRPA$0$24,100
Mark UdallDCO$0$8,812
Tom UdallDNM$0$3,000
David VitterRLA$0$10,100
Mark WarnerDVA$0$45,000
Elizabeth WarrenDMA$0$44,000
Sheldon WhitehouseDRI$0$7,500
Roger WickerRMS$0$6,600
Ron WydenDOR$0$9,150

Add Data Filters:

Legislator Filters
Legislator Filters
Show All
NamePartyState$ From Interest Groups
That Support
$ From Interest Groups
That Oppose
Andrew Lamar AlexanderRTN$20,900$97,950
Kelly AyotteRNH$10,000$56,016
Tammy BaldwinDWI$916,787$29,850
John BarrassoRWY$11,000$101,249
Mark BegichDAK$564,991$58,625
Michael BennetDCO$442,942$194,772
Richard BlumenthalDCT$156,106$45,590
Roy BluntRMO$26,698$245,583
John BoozmanRAR$12,300$84,100
Barbara BoxerDCA$895,023$39,050
Sherrod BrownDOH$643,978$127,880
Richard BurrRNC$37,392$200,407
Maria CantwellDWA$167,678$21,150
Ben CardinDMD$137,775$38,250
Tom CarperDDE$52,620$196,700
Bob CaseyDPA$194,354$109,680
Clarence Saxby ChamblissRGA$64,700$129,100
Daniel CoatsRIN$12,650$97,300
Tom CoburnROK$1,000$56,750
William Thad CochranRMS$21,050$16,500
Susan CollinsRME$24,800$76,384
Chris CoonsDDE$132,704$124,716
Bob CorkerRTN$18,100$385,900
John CornynRTX$31,125$281,980
Mike CrapoRID$10,300$127,200
Ted CruzRTX$9,200$203,810
Joe DonnellyDIN$304,272$112,100
Dick DurbinDIL$153,971$38,700
Mike EnziRWY$17,250$35,150
Dianne FeinsteinDCA$86,934$78,650
Deb FischerRNE$14,200$121,200
Jeff FlakeRAZ$11,500$108,872
Alan FrankenDMN$1,052,710$49,400
Kirsten GillibrandDNY$595,847$460,616
Lindsey GrahamRSC$12,700$84,622
Chuck GrassleyRIA$23,650$60,250
Kay HaganDNC$1,899,087$224,633
Tom HarkinDIA$113,563$28,000
Orrin HatchRUT$37,850$172,800
Martin HeinrichDNM$1,196,776$34,574
Heidi HeitkampDND$149,326$59,450
Dean HellerRNV$29,500$201,172
Mazie HironoDHI$252,243$63,000
John HoevenRND$7,300$82,000
Jim InhofeROK$6,300$56,150
Johnny IsaksonRGA$16,650$125,400
Mike JohannsRNE$21,000$58,800
Ron JohnsonRWI$7,000$103,641
Tim JohnsonDSD$155,524$218,845
Timothy KaineDVA$626,279$85,500
Angus KingIME$74,685$30,650
Mark KirkRIL$42,680$233,475
Amy KlobucharDMN$110,063$154,039
Mary LandrieuDLA$184,244$77,900
Patrick LeahyDVT$129,300$12,000
Mike LeeRUT$3,400$33,050
Carl LevinDMI$105,898$29,850
Joe ManchinDWV$185,015$129,550
John McCainRAZ$3,550$54,600
Claire McCaskillDMO$262,197$110,525
Addison "Mitch" McConnellRKY$47,944$535,430
Bob MenéndezDNJ$119,150$112,858
Jeff MerkleyDOR$611,588$37,663
Barbara MikulskiDMD$72,800$11,250
Jerry MoranRKS$43,499$145,434
Lisa MurkowskiRAK$18,750$40,520
Chris MurphyDCT$716,884$154,050
Patty MurrayDWA$329,348$37,475
Clarence "Bill" NelsonDFL$222,776$109,150
Rand PaulRKY$13,000$50,551
Rob PortmanROH$26,500$420,074
Mark PryorDAR$73,350$47,650
John "Jack" ReedDRI$73,660$105,300
Harry ReidDNV$430,204$151,700
Jim RischRID$8,050$57,750
Charles "Pat" RobertsRKS$32,467$122,200
John "Jay" RockefellerDWV$78,425$13,800
Marco RubioRFL$51,180$98,370
Bernie SandersIVT$383,495$700
Brian SchatzDHI$57,801$54,999
Chuck SchumerDNY$230,700$237,050
Tim ScottRSC$8,900$97,400
Jeff SessionsRAL$8,200$43,282
Jeanne ShaheenDNH$575,123$63,270
Richard ShelbyRAL$21,400$251,950
Debbie StabenowDMI$232,169$176,662
Jon TesterDMT$521,602$348,119
John ThuneRSD$25,150$158,905
Patrick ToomeyRPA$40,282$213,816
Mark UdallDCO$694,196$49,037
Tom UdallDNM$707,942$20,233
David VitterRLA$43,800$86,750
Mark WarnerDVA$755,292$354,300
Elizabeth WarrenDMA$1,622,953$75,000
Sheldon WhitehouseDRI$172,740$23,150
Roger WickerRMS$19,800$164,319
Ron WydenDOR$67,300$41,850

Interest Groups that support this bill

$ Donated
Democratic/Liberal$12,123,378
Environmental policy$3,985,644
Manufacturing unions$1,092,770
State & local govt employee unions$586,070
Commercial service unions$565,097
Teamsters union$485,195
Farm organizations & cooperatives$454,284
Communications & hi-tech unions$443,300
Health & welfare policy$440,250
Churches, clergy & religious organizations$412,978
Small business associations$335,949
Elderly issues/Social Security$320,842
Labor Unions$316,700
Human Rights$44,600
Fiscal & tax policy$38,300
Fuel oil dealers$19,700
Consumer groups$2,000
Automotive unions$0

Interest Groups that oppose this bill

$ Donated
Commercial banks & bank holding companies$10,115,368
Financial services & consulting$1,272,305
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