PlainBillCongress, translated.Legislation. Context. Public interest.Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-57.
Congressional Research Service
Version 00 · Introduced in Senate · Apr 6, 2017
21st Century Glass-Steagall Act of 2017
This bill amends the Federal Deposit Insurance Act, the Bank Holding Company Act of 1956, the Home Owner's Loan Act, the International Banking Act of 1978, the federal bankruptcy code, and other laws to:
limit affiliations between an insured depository institution and any insurance company, securities entity, or swaps entity;
Showing the opening paragraphs of the official summary.
restrict the authority of a national banking association to purchase or sell investment securities or stock, invest in certain structured or synthetic products, control or hold an interest in financial subsidiaries, or otherwise engage in nonbanking activities;
restrict the authority of a federal savings association to invest in, redeem, or hold shares or certificates issued by an open-end management investment company;
limit the authority of a financial holding company to engage in nonfinancial activities;
disallow certain foreign banks from engaging in nonbanking activities in the United States;
repeal bankruptcy code provisions related to the contractual right to liquidate, terminate, or accelerate certain types of financial instruments; and
establish various enforcement and penalty provisions.
People & committees
Sen. Warren, Elizabeth [D-MA] · D–MA
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-57.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
Primary sources
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Source last updated: Dec 5, 2025. Consult Congress.gov for the current record.
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