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risky activities and limiting conflicts of interest, to reinstate certain Glass-Steagall Act protections that were repealed by the Gramm-Leach-Bliley Act, and for other purposes.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risky activities and limiting conflicts of interest, to reinstate certain Glass-Steagall Act protections that were repealed by the Gramm-Leach-Bliley Act, and for other purposes.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risky activities and limiting conflicts of interest, to reinstate certain Glass-Steagall Act protections that were repealed by the Gramm-Leach-Bliley Act, and for other purposes.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 Small business associations, which…

supported this bill

Small business associations$314,627
$314,627

36 Organizations Supported and 3 Opposed; See Which Ones

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

36 organizations supported 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.
International Union, United Automobile, Aerospace and Agricultural Implement Workers of America
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 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 opposed 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 Small business associations interest groups, January 1, 2009 – December 31, 2014.
Contributions data source: OpenSecrets.org

Contributions by Legislator

Namesort iconPartyState$ From Interest Groups
That Supported
$ From Interest Groups
That Opposed
Andrew Lamar AlexanderRTN$6,728$0
Kelly AyotteRNH$5,250$0
Tammy BaldwinDWI$0$0
John BarrassoRWY$10,000$0
Max BaucusDMT$3,000$0
Mark BegichDAK$0$0
Michael F. BennetDCO$0$0
Richard BlumenthalDCT$0$0
Roy BluntRMO$10,000$0
John BoozmanRAR$500$0
Barbara BoxerDCA$0$0
Sherrod BrownDOH$0$0
Richard BurrRNC$10,000$0
Maria CantwellDWA$0$0
Ben CardinDMD$4,000$0
Tom CarperDDE$0$0
Bob CaseyDPA$0$0
Clarence Saxby ChamblissRGA$0$0
Jeff ChiesaRNJ$0$0
Daniel CoatsRIN$8,500$0
Tom CoburnROK$1,000$0
William Thad CochranRMS$9,700$0
Susan M. CollinsRME$6,000$0
Christopher A. CoonsDDE$0$0
Bob CorkerRTN$5,000$0
John CornynRTX$6,000$0
William M. CowanDMA$0$0
Mike CrapoRID$3,000$0
Ted CruzRTX$2,500$0
Joe DonnellyDIN$0$0
Dick DurbinDIL$0$0
Mike EnziRWY$10,500$0
Dianne FeinsteinDCA$250$0
Deb FischerRNE$2,500$0
Jeff FlakeRAZ$5,000$0
Al FrankenDMN$0$0
Kirsten E. GillibrandDNY$0$0
Lindsey GrahamRSC$5,000$0
Chuck GrassleyRIA$7,000$0
Kay R. HaganDNC$1,000$0
Tom HarkinDIA$0$0
Orrin G. HatchRUT$7,500$0
Martin HeinrichDNM$0$0
Heidi HeitkampDND$0$0
Dean HellerRNV$14,000$0
Mazie K. HironoDHI$0$0
John HoevenRND$5,000$0
Jim InhofeROK$3,000$0
Johnny IsaksonRGA$7,500$0
Mike JohannsRNE$0$0
Ron JohnsonRWI$6,000$0
Tim JohnsonDSD$0$0
Tim KaineDVA$1,250$0
Angus S. King, Jr.IME$0$0
Mark KirkRIL$5,000$0
Amy KlobucharDMN$0$0
Mary L. LandrieuDLA$12,750$0
Patrick J. LeahyDVT$0$0
Mike LeeRUT$1,000$0
Carl LevinDMI$0$0
Joe Manchin, IIIDWV$2,000$0
John McCainRAZ$0$0
Claire McCaskillDMO$0$0
Addison "Mitch" McConnellRKY$10,000$0
Bob MenéndezDNJ$0$0
Jeff MerkleyDOR$0$0
Barbara A. MikulskiDMD$0$0
Jerry MoranRKS$2,500$0
Lisa MurkowskiRAK$3,000$0
Chris MurphyDCT$0$0
Patty MurrayDWA$0$0
Clarence "Bill" NelsonDFL$0$0
Rand PaulRKY$5,000$0
Rob PortmanROH$10,200$0
Mark L. PryorDAR$1,250$0
John "Jack" ReedDRI$0$0
Harry ReidDNV$0$0
Jim RischRID$15,500$0
Charles "Pat" RobertsRKS$8,000$0
John "Jay" RockefellerDWV$0$0
Marco RubioRFL$10,000$0
Bernie SandersIVT$0$0
Brian SchatzDHI$500$0
Chuck SchumerDNY$2,500$0
Tim ScottRSC$6,500$0
Jeff SessionsRAL$2,000$0
Jeanne ShaheenDNH$10,000$0
Richard C. ShelbyRAL$3,000$0
Debbie StabenowDMI$0$0
Jon TesterDMT$0$0
John ThuneRSD$10,000$0
Patrick J. ToomeyRPA$9,999$0
Mark UdallDCO$0$0
Tom UdallDNM$1,000$0
David VitterRLA$11,500$0
Mark R. WarnerDVA$250$0
Elizabeth WarrenDMA$1,000$0
Sheldon WhitehouseDRI$0$0
Roger F. WickerRMS$2,500$0
Ron WydenDOR$1,000$0

Add Data Filters:

Legislator Filters
Legislator Filters
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NamePartyState$ From Interest Groups
That Supported
$ From Interest Groups
That Opposed
Andrew Lamar AlexanderRTN$41,278$120,550
Kelly AyotteRNH$13,500$71,766
Tammy BaldwinDWI$882,258$23,350
John BarrassoRWY$10,000$71,333
Max BaucusDMT$30,050$107,900
Mark BegichDAK$383,236$68,425
Michael F. BennetDCO$401,800$205,472
Richard BlumenthalDCT$152,756$50,900
Roy BluntRMO$51,542$312,933
John BoozmanRAR$10,750$83,730
Barbara BoxerDCA$579,855$40,750
Sherrod BrownDOH$644,544$140,380
Richard BurrRNC$35,092$194,634
Maria CantwellDWA$145,528$20,300
Ben CardinDMD$140,775$32,750
Tom CarperDDE$51,020$197,660
Bob CaseyDPA$204,204$95,810
Clarence Saxby ChamblissRGA$7,500$30,200
Jeff ChiesaRNJ$0$0
Daniel CoatsRIN$13,650$96,850
Tom CoburnROK$1,000$53,650
William Thad CochranRMS$62,400$103,500
Susan M. CollinsRME$59,050$72,250
Christopher A. CoonsDDE$269,646$230,816
Bob CorkerRTN$16,100$364,500
John CornynRTX$20,564$343,140
William M. CowanDMA$0$0
Mike CrapoRID$9,300$147,150
Ted CruzRTX$15,050$255,060
Joe DonnellyDIN$290,302$116,150
Dick DurbinDIL$184,104$18,600
Mike EnziRWY$12,750$54,400
Dianne FeinsteinDCA$92,156$78,150
Deb FischerRNE$17,500$125,450
Jeff FlakeRAZ$11,750$112,122
Al FrankenDMN$489,972$54,300
Kirsten E. GillibrandDNY$440,437$455,070
Lindsey GrahamRSC$50,863$139,822
Chuck GrassleyRIA$22,300$54,200
Kay R. HaganDNC$498,771$255,450
Tom HarkinDIA$42,903$3,000
Orrin G. HatchRUT$29,850$175,033
Martin HeinrichDNM$655,725$33,774
Heidi HeitkampDND$152,528$67,450
Dean HellerRNV$23,500$177,353
Mazie K. HironoDHI$233,192$56,600
John HoevenRND$12,800$102,100
Jim InhofeROK$3,500$56,550
Johnny IsaksonRGA$19,400$137,120
Mike JohannsRNE$5,500$16,450
Ron JohnsonRWI$7,250$129,341
Tim JohnsonDSD$15,300$163,750
Tim KaineDVA$635,729$96,000
Angus S. King, Jr.IME$79,185$29,950
Mark KirkRIL$23,970$264,710
Amy KlobucharDMN$116,563$167,289
Mary L. LandrieuDLA$345,211$123,400
Patrick J. LeahyDVT$102,875$5,250
Mike LeeRUT$3,400$53,100
Carl LevinDMI$0$0
Joe Manchin, IIIDWV$209,665$152,400
John McCainRAZ$8,550$95,300
Claire McCaskillDMO$262,086$116,025
Addison "Mitch" McConnellRKY$54,050$552,844
Bob MenéndezDNJ$123,200$124,008
Jeff MerkleyDOR$327,213$41,566
Barbara A. MikulskiDMD$81,100$13,250
Jerry MoranRKS$38,349$160,290
Lisa MurkowskiRAK$22,750$34,470
Chris MurphyDCT$660,064$135,350
Patty MurrayDWA$318,872$49,204
Clarence "Bill" NelsonDFL$234,776$113,650
Rand PaulRKY$12,500$68,750
Rob PortmanROH$48,390$568,924
Mark L. PryorDAR$196,400$80,950
John "Jack" ReedDRI$60,050$93,100
Harry ReidDNV$396,041$129,000
Jim RischRID$16,500$60,500
Charles "Pat" RobertsRKS$60,053$168,900
John "Jay" RockefellerDWV$15,525$0
Marco RubioRFL$58,793$146,385
Bernie SandersIVT$376,652$700
Brian SchatzDHI$224,615$78,348
Chuck SchumerDNY$215,050$371,850
Tim ScottRSC$12,650$152,545
Jeff SessionsRAL$12,000$35,100
Jeanne ShaheenDNH$436,503$74,400
Richard C. ShelbyRAL$17,700$209,150
Debbie StabenowDMI$251,807$175,112
Jon TesterDMT$505,302$364,119
John ThuneRSD$28,150$180,830
Patrick J. ToomeyRPA$67,382$280,166
Mark UdallDCO$1,041,992$51,375
Tom UdallDNM$326,983$30,320
David VitterRLA$49,850$83,450
Mark R. WarnerDVA$154,952$398,400
Elizabeth WarrenDMA$1,686,795$86,000
Sheldon WhitehouseDRI$175,540$27,650
Roger F. WickerRMS$12,450$94,253
Ron WydenDOR$83,764$60,850

Interest Groups that supported this bill

$ Donated
Democratic/Liberal$6,882,601
Environmental policy$5,281,050
Manufacturing unions$932,220
State & local govt employee unions$577,770
Farm organizations & cooperatives$488,645
Commercial service unions$477,950
Churches, clergy & religious organizations$447,599
Communications & hi-tech unions$419,850
Health & welfare policy$408,937
Teamsters union$407,845
Automotive Manufacturing union$369,532
Elderly issues/Social Security$320,043
Small business associations$314,627
Labor Unions$266,515
Fuel oil dealers$66,514
Fiscal & tax policy$48,650
Human Rights$38,300
Consumer groups$8,150

Interest Groups that opposed this bill

$ Donated
Commercial banks & bank holding companies$10,802,091
Financial services & consulting$1,715,086
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