GlassSteagallfan
10th July 2011, 18:37
Rep. Hinchey Introduces a Second Glass-Steagall Bill in the House
July 9, 2011 • 9:17AM
Rep. Maurice Hinchey, along with five co-sponsors, on Thursday introduced a second Glass-Steagall bill into the House. H.R. 2451, "To Restore Certain Provisions of the Banking Act of 1933, Commonly Referred to as the Glass-Steagall Act, and For Other Purposes," is similar to H.R. 1489, but is shorter and does not provide the same level of detail on enforcement. The co-sponsors include John Conyers (D-Mich.), Lynn Woolsey (D-Cal.), and Michael Capuano (D-Mass.), who are also co-sponsors of the Kaptur bill. Others include Jay Inslee (D-Wash.) and Peter DeFazio (D-Ore.).
Sources in Washington emphasized that the momentum is building dramatically for Glass-Steagall, and it is typical of Congress that multiple bills are introduced to feed the momentum and push fence-sitters into supporting the action. the fact that Conyers, Woolsey, and Capuano are co-sponsors on both bills underscores this point.
We are still expecting a bipartisan Glass-Steagall bill to be introduced into the U.S. Senate at any moment. The consensus among all the Glass-Steagall sponsors, is that the bill must be actually passed through both Houses by a veto-proof majority, and that this will require a bipartisan patriotic effort, breaking the dirty deals between the Democratic and GOP Congressional leaders and Obama.
Source:http://www.larouchepac.com/node/18708
July 9, 2011 • 9:17AM
Rep. Maurice Hinchey, along with five co-sponsors, on Thursday introduced a second Glass-Steagall bill into the House. H.R. 2451, "To Restore Certain Provisions of the Banking Act of 1933, Commonly Referred to as the Glass-Steagall Act, and For Other Purposes," is similar to H.R. 1489, but is shorter and does not provide the same level of detail on enforcement. The co-sponsors include John Conyers (D-Mich.), Lynn Woolsey (D-Cal.), and Michael Capuano (D-Mass.), who are also co-sponsors of the Kaptur bill. Others include Jay Inslee (D-Wash.) and Peter DeFazio (D-Ore.).
Sources in Washington emphasized that the momentum is building dramatically for Glass-Steagall, and it is typical of Congress that multiple bills are introduced to feed the momentum and push fence-sitters into supporting the action. the fact that Conyers, Woolsey, and Capuano are co-sponsors on both bills underscores this point.
We are still expecting a bipartisan Glass-Steagall bill to be introduced into the U.S. Senate at any moment. The consensus among all the Glass-Steagall sponsors, is that the bill must be actually passed through both Houses by a veto-proof majority, and that this will require a bipartisan patriotic effort, breaking the dirty deals between the Democratic and GOP Congressional leaders and Obama.
Source:http://www.larouchepac.com/node/18708