Glass-Steagall Act Sections 20 and 32

GPTKB entity

Statements (15)
Predicate Object
gptkbp:instanceOf gptkb:United_States_federal_law
gptkbp:appliesTo gptkb:Federal_Reserve_member_banks
gptkbp:dateEnacted 1933
gptkbp:enactedBy gptkb:United_States_Congress
https://www.w3.org/2000/01/rdf-schema#label Glass-Steagall Act Sections 20 and 32
gptkbp:partOf gptkb:Glass-Steagall_Act
gptkbp:purpose separation of commercial and investment banking
gptkbp:regulates banking activities
securities activities
gptkbp:repealedBy gptkb:Gramm-Leach-Bliley_Act
1999
gptkbp:section20 prohibited member banks from affiliating with firms principally engaged in securities underwriting
gptkbp:section32 prohibited interlocking directorates between member banks and securities firms
gptkbp:bfsParent gptkb:Financial_Services_Modernization_Act_of_1999
gptkbp:bfsLayer 5