Glass-Steagall 2.0?

Max Keiser and Stacy Herbert

Max Keiser and Stacy Herbert

This story has slipped under the Trump-frenzied radar. According to my sources, this may actually make it to the floor for a vote.

Congresswoman Marcy Kaptur (OH-09) and Congressman Walter Jones (NC-03) introduced to the House Rules Committee a bipartisan amendment to H.R. 10, the Financial CHOICE Act, which is set to move to the House floor for a vote this week. The Kaptur-Jones amendment removes the bill’s current language, which takes America backward on Wall Street reform, and replaces it with the Return to Prudent Banking Act, a bill led by Kaptur, which reinstates critical Glass-Steagall protections.

Kaptur and Jones will both testify at the Rules Committee hearing which will determine whether this much-needed measure will make it to the House floor for a vote.

When: June 6, 2017, 5:00 PM (estimated hearing start time)

Make sure to call your congressperson and tell them what you want. Notice that the repeal of Glass-Steagall (thanks Clinton) directly caused the Too Big To Fail financial menace and mafia terrorizing our markets:

UPDATE: Here is BBG on the story.

Link

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