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risky activities and limiting conflicts of interest, to reinstate certain Glass-Steagall Act protections that were repealed by the Gramm-Leach-Bliley Act, and for other purposes.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risky activities and limiting conflicts of interest, to reinstate certain Glass-Steagall Act protections that were repealed by the Gramm-Leach-Bliley Act, and for other purposes.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risky activities and limiting conflicts of interest, to reinstate certain Glass-Steagall Act protections that were repealed by the Gramm-Leach-Bliley Act, and for other purposes.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

supported this bill

Teamsters union$442,695
$442,695

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.
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 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 Teamsters union interest groups, July 1, 2008 – June 30, 2014.
Contributions data source: OpenSecrets.org

Contributions by Legislator

Namesort iconPartyState$ From Interest Groups
That Supported
$ From Interest Groups
That Opposed
Andrew Lamar AlexanderRTN$0$0
Kelly AyotteRNH$0$0
Tammy BaldwinDWI$17,500$0
John BarrassoRWY$0$0
Max BaucusDMT$1,000$0
Mark BegichDAK$17,000$0
Michael F. BennetDCO$0$0
Richard BlumenthalDCT$10,000$0
Roy BluntRMO$0$0
John BoozmanRAR$0$0
Barbara BoxerDCA$10,000$0
Sherrod BrownDOH$4,620$0
Richard BurrRNC$0$0
Maria CantwellDWA$0$0
Ben CardinDMD$10,000$0
Tom CarperDDE$2,500$0
Bob CaseyDPA$7,050$0
Clarence Saxby ChamblissRGA$0$0
Jeff ChiesaRNJ$0$0
Daniel CoatsRIN$0$0
Tom CoburnROK$0$0
William Thad CochranRMS$0$0
Susan M. CollinsRME$0$0
Christopher A. CoonsDDE$15,000$0
Bob CorkerRTN$0$0
John CornynRTX$0$0
William M. CowanDMA$0$0
Mike CrapoRID$0$0
Ted CruzRTX$0$0
Joe DonnellyDIN$15,000$0
Dick DurbinDIL$0$0
Mike EnziRWY$0$0
Dianne FeinsteinDCA$6,250$0
Deb FischerRNE$0$0
Jeff FlakeRAZ$0$0
Al FrankenDMN$4,000$0
Kirsten E. GillibrandDNY$17,500$0
Lindsey GrahamRSC$0$0
Chuck GrassleyRIA$0$0
Kay R. HaganDNC$10,000$0
Tom HarkinDIA$2,500$0
Orrin G. HatchRUT$0$0
Martin HeinrichDNM$15,000$0
Heidi HeitkampDND$9,000$0
Dean HellerRNV$0$0
Mazie K. HironoDHI$19,000$0
John HoevenRND$0$0
Jim InhofeROK$0$0
Johnny IsaksonRGA$0$0
Mike JohannsRNE$0$0
Ron JohnsonRWI$0$0
Tim JohnsonDSD$4,000$0
Tim KaineDVA$7,500$0
Angus S. King, Jr.IME$0$0
Mark KirkRIL$0$0
Amy KlobucharDMN$9,250$0
Mary L. LandrieuDLA$10,000$0
Patrick J. LeahyDVT$5,000$0
Mike LeeRUT$0$0
Carl LevinDMI$5,000$0
Joe Manchin, IIIDWV$15,000$0
John McCainRAZ$250$0
Claire McCaskillDMO$8,250$0
Addison "Mitch" McConnellRKY$0$0
Bob MenéndezDNJ$5,000$0
Jeff MerkleyDOR$10,000$0
Barbara A. MikulskiDMD$10,000$0
Jerry MoranRKS$0$0
Lisa MurkowskiRAK$1,000$0
Chris MurphyDCT$20,000$0
Patty MurrayDWA$8,400$0
Clarence "Bill" NelsonDFL$10,000$0
Rand PaulRKY$0$0
Rob PortmanROH$0$0
Mark L. PryorDAR$5,000$0
John "Jack" ReedDRI$10,500$0
Harry ReidDNV$10,000$0
Jim RischRID$0$0
Charles "Pat" RobertsRKS$0$0
John "Jay" RockefellerDWV$9,125$0
Marco RubioRFL$0$0
Bernie SandersIVT$8,000$0
Brian SchatzDHI$5,000$0
Chuck SchumerDNY$10,000$0
Tim ScottRSC$0$0
Jeff SessionsRAL$0$0
Jeanne ShaheenDNH$12,500$0
Richard C. ShelbyRAL$0$0
Debbie StabenowDMI$5,000$0
Jon TesterDMT$6,000$0
John ThuneRSD$0$0
Patrick J. ToomeyRPA$0$0
Mark UdallDCO$4,000$0
Tom UdallDNM$5,000$0
David VitterRLA$0$0
Mark R. WarnerDVA$7,500$0
Elizabeth WarrenDMA$8,500$0
Sheldon WhitehouseDRI$10,000$0
Roger F. WickerRMS$0$0
Ron WydenDOR$5,000$0

Add Data Filters:

Legislator Filters
Legislator Filters
Show All
NamePartyState$ From Interest Groups
That Supported
$ From Interest Groups
That Opposed
Andrew Lamar AlexanderRTN$33,500$100,850
Kelly AyotteRNH$11,500$73,916
Tammy BaldwinDWI$895,377$28,600
John BarrassoRWY$10,000$90,499
Max BaucusDMT$53,900$103,300
Mark BegichDAK$535,498$80,875
Michael F. BennetDCO$445,764$195,772
Richard BlumenthalDCT$158,356$51,790
Roy BluntRMO$27,198$246,883
John BoozmanRAR$11,300$82,100
Barbara BoxerDCA$827,648$32,550
Sherrod BrownDOH$645,228$132,130
Richard BurrRNC$35,092$189,807
Maria CantwellDWA$157,628$21,200
Ben CardinDMD$139,275$33,750
Tom CarperDDE$53,020$197,660
Bob CaseyDPA$198,604$111,530
Clarence Saxby ChamblissRGA$56,500$113,700
Jeff ChiesaRNJ$0$0
Daniel CoatsRIN$12,650$100,400
Tom CoburnROK$1,000$52,150
William Thad CochranRMS$49,000$80,150
Susan M. CollinsRME$46,900$75,800
Christopher A. CoonsDDE$170,044$212,566
Bob CorkerRTN$17,600$374,150
John CornynRTX$22,750$354,380
William M. CowanDMA$0$0
Mike CrapoRID$10,300$136,650
Ted CruzRTX$9,450$230,560
Joe DonnellyDIN$277,472$117,850
Dick DurbinDIL$151,653$37,650
Mike EnziRWY$17,250$40,700
Dianne FeinsteinDCA$87,434$78,650
Deb FischerRNE$14,200$121,700
Jeff FlakeRAZ$11,500$108,122
Al FrankenDMN$935,953$51,800
Kirsten E. GillibrandDNY$537,964$453,220
Lindsey GrahamRSC$46,913$125,272
Chuck GrassleyRIA$18,900$61,250
Kay R. HaganDNC$1,523,547$216,750
Tom HarkinDIA$79,253$13,000
Orrin G. HatchRUT$36,850$169,800
Martin HeinrichDNM$975,874$36,774
Heidi HeitkampDND$150,326$63,450
Dean HellerRNV$26,500$199,772
Mazie K. HironoDHI$237,243$59,100
John HoevenRND$10,800$82,400
Jim InhofeROK$6,750$52,000
Johnny IsaksonRGA$16,400$125,670
Mike JohannsRNE$10,500$36,850
Ron JohnsonRWI$7,000$117,991
Tim JohnsonDSD$95,450$188,850
Tim KaineDVA$640,318$86,500
Angus S. King, Jr.IME$74,685$30,650
Mark KirkRIL$38,680$240,325
Amy KlobucharDMN$111,063$155,039
Mary L. LandrieuDLA$222,566$83,650
Patrick J. LeahyDVT$127,200$8,000
Mike LeeRUT$3,400$41,650
Carl LevinDMI$42,510$1,000
Joe Manchin, IIIDWV$185,015$141,050
John McCainRAZ$3,550$81,150
Claire McCaskillDMO$263,197$110,525
Addison "Mitch" McConnellRKY$43,100$576,409
Bob MenéndezDNJ$118,150$107,358
Jeff MerkleyDOR$579,416$32,316
Barbara A. MikulskiDMD$69,500$12,250
Jerry MoranRKS$43,749$130,240
Lisa MurkowskiRAK$19,650$37,520
Chris MurphyDCT$676,324$146,400
Patty MurrayDWA$329,298$32,625
Clarence "Bill" NelsonDFL$221,226$108,150
Rand PaulRKY$13,650$56,801
Rob PortmanROH$26,940$541,974
Mark L. PryorDAR$122,131$74,600
John "Jack" ReedDRI$67,060$71,400
Harry ReidDNV$434,804$139,200
Jim RischRID$19,550$58,750
Charles "Pat" RobertsRKS$35,717$118,300
John "Jay" RockefellerDWV$46,825$6,500
Marco RubioRFL$55,593$119,570
Bernie SandersIVT$389,495$700
Brian SchatzDHI$167,664$66,448
Chuck SchumerDNY$242,200$311,850
Tim ScottRSC$10,900$128,100
Jeff SessionsRAL$11,200$40,750
Jeanne ShaheenDNH$439,092$88,567
Richard C. ShelbyRAL$20,000$226,650
Debbie StabenowDMI$241,419$179,862
Jon TesterDMT$517,202$357,319
John ThuneRSD$26,150$169,105
Patrick J. ToomeyRPA$40,282$246,816
Mark UdallDCO$784,461$58,987
Tom UdallDNM$376,682$28,920
David VitterRLA$40,500$83,250
Mark R. WarnerDVA$447,061$398,600
Elizabeth WarrenDMA$1,633,203$75,000
Sheldon WhitehouseDRI$170,990$23,150
Roger F. WickerRMS$8,550$99,820
Ron WydenDOR$81,850$51,850

Interest Groups that supported this bill

$ Donated
Democratic/Liberal$10,237,198
Environmental policy$4,506,942
Manufacturing unions$1,017,270
State & local govt employee unions$596,420
Commercial service unions$521,447
Farm organizations & cooperatives$468,240
Communications & hi-tech unions$449,600
Teamsters union$442,695
Health & welfare policy$437,890
Churches, clergy & religious organizations$419,333
Small business associations$348,649
Elderly issues/Social Security$337,948
Labor Unions$276,950
Fuel oil dealers$45,200
Fiscal & tax policy$43,500
Human Rights$41,800
Consumer groups$3,500
Automotive unions$0

Interest Groups that opposed this bill

$ Donated
Commercial banks & bank holding companies$10,493,033
Financial services & consulting$1,554,952
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