WA People
JOINT MEMORIAL · 2015–16 SESSION

SJM 8005: Banking/Glass-Steagall act

Requesting that Congress enact legislation that would reinstate the separation of commercial and investment banking functions that were in effect under the Glass-Steagall act.

Summary

  • The memorial asks that Congress enact legislation that would reinstate the separation of commercial and investment banking functions that were in effect under the Glass-Steagall Act, prohibiting commercial banks and bank holding companies from investing in stocks, underwriting securities, or investing in or acting as guarantors to derivative transactions, in order to prevent American taxpayers from being called…

From the Senate Bill Report (Orig.) (SJM 8005), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 20, 2015
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Filed
Prime sponsor
Bob Hasegawa (D-11)
Introduced
January 20, 2015 in the Senate
Last action
March 10, 2016

Sponsors

Prime sponsor: Bob Hasegawa (D-11)

9 co-sponsors (9 Democrats, 0 Republicans)

Maralyn Chase D-32Jeanne Kohl-Welles D-36Christine Rolfes D-23Karen Keiser D-33Jeannie Darneille D-27Annette Cleveland D-49Senator D-46Pramila Jayapal D-37Steve Conway D-29

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status.
  4. By resolution, reintroduced and retained in present status.
  5. By resolution, reintroduced and retained in present status.
  6. First reading, referred to Financial Institutions & Insurance.

SJM 8005 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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