US Congress Senate Bill 2886 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 5-1-1)
Status: Introduced on December 16 2009 - 25% progression, died in chamber
Action: 2009-12-16 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Text: Latest bill text (Introduced) [PDF]

Banking Integrity Act of 2009 - Amends the Banking Act of 1933 (Glass-Steagall Act) to prohibit a member bank from being affiliated with specified organizations engaged principally in the issue, flotation, underwriting, public sale, or distribution of stocks, bonds, debenture, notes, or other securities. Prohibits the staff and personnel of corporations and partnerships (as well as any individual) primarily engaged in the issue, flotation, underwriting, public sale, or distribution, of stocks, bonds, or other similar securities, from serving simultaneously as an officer, director, or employee of any member bank of the Federal Reserve System. Authorizes the Board of Governors of the Federal Reserve System to grant limited exceptions. Prohibits a depository institution from engaging in the business of insurance or any insurance-related activity.

Banking Integrity Act of 2009

Sen. Barbara Boxer [D-CA]	Sen. Maria Cantwell [D-WA]	Sen. Russell Feingold [D-WI]	Sen. Tom Harkin [D-IA]
Sen. Edward Kaufman [D-DE]	Sen. John McCain [R-AZ]	Sen. Bernard Sanders [I-VT]

Date	Chamber	Action
2009-12-16		Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HB4375 (Related) 2009-12-16 - Referred to the House Committee on Financial Services.
HB4461 (Related) 2010-01-15 - Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/senate-bill/2886/all-info
Text	https://www.congress.gov/111/bills/s2886/BILLS-111s2886is.pdf