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Glass-Steagall Act Modernization? (CRS Report for Congress)

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Release Date Aug. 13, 1996
Report Number 96-94
Report Type Report
Authors William Jackson, Economics Division
Source Agency Congressional Research Service
Summary:

Congress is reexamining the pace at which federally insured commercial banking institutions should trade in less-protected, less-regulated securities, directly or indirectly. Whereas New Deal legislation isolated the two, recent trends suggest their convergence is occurring despite the 1933 legislation. Should Congress encourage this tendency, leave it to be determined by market forces, or discourage it?