The key part of the Warren-McCain 21st Century Glass-Steagall Act July 12, 2013 at 12:01 pm

The draft bill proposes the repeal of the Gramm-Leach-Bliley Act, and, after a transition period, that

An insured depository institution may not—
(i) be or become an affiliate of any insurance company, securities entity, or swaps entity;
(ii) be in common ownership or control with any insurance company, securities entity, or swaps entity; or
(iii) engage in any activity that would cause the insured depository institution to qualify as an insurance company, securities entity, or swaps entity.

I doubt that it will pass in this form, but as mood music it is interesting.

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