Financial Services Modernization Act of 1999

URI: https://gptkb.org/entity/Financial_Services_Modernization_Act_of_1999

GPTKB entity

Statements (46)

Predicate	Object
gptkbp:instanceOf	gptkb:United_States_federal_law
gptkbp:abbreviation	gptkb:GLBA
gptkbp:affects	gptkb:insurance securities industry banking industry
gptkbp:alsoKnownAs	gptkb:Gramm-Leach-Bliley_Act
gptkbp:citation	gptkb:113_Stat._1338
gptkbp:country	gptkb:United_States
gptkbp:dateEnacted	1999-11-12
gptkbp:enactedBy	gptkb:United_States_Congress
gptkbp:enforcedBy	gptkb:Federal_Trade_Commission federal banking agencies state insurance authorities
https://www.w3.org/2000/01/rdf-schema#label	Financial Services Modernization Act of 1999
gptkbp:language	English
gptkbp:mainProvision	gptkb:Community_Reinvestment_Act_provisions regulation of affiliations between banks and insurance companies establishment of financial holding companies privacy provisions for consumer financial information repeal of Glass-Steagall Act Sections 20 and 32
gptkbp:publicLawNumber	gptkb:Public_Law_106-102
gptkbp:purpose	to repeal part of the Glass-Steagall Act to allow commercial banks, investment banks, securities firms, and insurance companies to consolidate
gptkbp:regulates	affiliations between banks and insurance companies affiliations between banks and securities firms consumer financial privacy financial holding companies
gptkbp:relatedTo	gptkb:Dodd-Frank_Wall_Street_Reform_and_Consumer_Protection_Act gptkb:Glass-Steagall_Act gptkb:Community_Reinvestment_Act
gptkbp:repealedBy	gptkb:Glass-Steagall_Act_Sections_20_and_32
gptkbp:requires	financial institutions to provide privacy notices to consumers opt-out provisions for sharing consumer information
gptkbp:section	gptkb:Title_III_–_Insurance gptkb:Title_IV_–_Unitary_Savings_and_Loan_Holding_Companies gptkb:Title_I_–_Facilitating_Affiliation_Among_Banks,_Securities_Firms,_and_Insurance_Companies gptkb:Title_VI_–_Federal_Home_Loan_Bank_System_Modernization gptkb:Title_V_–_Privacy Title II – Functional Regulation
gptkbp:signedBy	gptkb:Bill_Clinton
gptkbp:sponsor	gptkb:Jim_Leach gptkb:Phil_Gramm gptkb:Thomas_J._Bliley,_Jr.
gptkbp:title	An Act to enhance competition in the financial services industry by providing a prudential framework for the affiliation of banks, securities firms, insurance companies, and other financial service providers
gptkbp:bfsParent	gptkb:Gramm-Leach-Bliley_Act
gptkbp:bfsLayer	4