Glass-Steagall Act of 1933

URI: https://gptkb.org/entity/Glass-Steagall_Act_of_1933
GPTKB entity
Statements (33)
Predicate Object
gptkbp:instanceOf gptkb:United_States_federal_law
gptkbp:country gptkb:United_States
gptkbp:createdAgency gptkb:Federal_Deposit_Insurance_Corporation
gptkbp:dateEnacted June 16, 1933
gptkbp:enactedBy gptkb:United_States_Congress
gptkbp:historicalName gptkb:Great_Depression
https://www.w3.org/2000/01/rdf-schema#label Glass-Steagall Act of 1933
gptkbp:namedAfter gptkb:Carter_Glass
gptkb:Henry_B._Steagall
gptkbp:nickname gptkb:Glass-Steagall_Act
gptkbp:notableCompany gptkb:Federal_Reserve_System
commercial banks
investment banks
gptkbp:officialName gptkb:Banking_Act_of_1933
gptkbp:provides prohibited commercial banks from engaging in investment banking
limited securities activities of banks
restricted affiliations between commercial banks and securities firms
established the Federal Deposit Insurance Corporation
gptkbp:purpose regulate banking
separate commercial and investment banking
restore public confidence in the banking system
gptkbp:relatedTo gptkb:Securities_Act_of_1933
gptkb:Securities_Exchange_Act_of_1934
gptkbp:repealedBy gptkb:Gramm-Leach-Bliley_Act
1999
gptkbp:section Section 16
Section 20
Section 21
Section 32
gptkbp:signedBy gptkb:Franklin_D._Roosevelt
gptkbp:status partially repealed
gptkbp:bfsParent gptkb:Glass-Steagall_Act_of_1932
gptkbp:bfsLayer 7