Glass–Steagall Act Section 20 and 32

GPTKB entity

Statements (16)
Predicate Object
gptkbp:instanceOf United States federal banking regulation
gptkbp:appliesTo member banks of the Federal Reserve System
gptkbp:country gptkb:United_States
gptkbp:dateEnacted 1933
gptkbp:enactedBy gptkb:United_States_Congress
https://www.w3.org/2000/01/rdf-schema#label Glass–Steagall Act Section 20 and 32
gptkbp:partOf gptkb:Glass–Steagall_Act
gptkbp:purpose separation of commercial and investment banking
gptkbp:relatedTo gptkb:Glass–Steagall_Act_Section_16
gptkb:Glass–Steagall_Act_Section_21
gptkbp:repealedBy gptkb:Gramm–Leach–Bliley_Act
1999
gptkbp:Section_20 prohibited member banks from affiliating with companies principally engaged in securities underwriting or dealing
gptkbp:Section_32 prohibited member banks from sharing officers, directors, or employees with securities firms
gptkbp:bfsParent gptkb:Pub.L._111–203
gptkbp:bfsLayer 5