Dingell may propose return of banking regulations

WASHINGTON -- The chairman of the House Energy and Commerce Committee is considering introducing a bill this week to overturn a landmark 1999 law that deregulated the banking industry, his office said Monday.

Rep. John Dingell, D-Dearborn, may introduce a bill to repeal the Gramm-Leach-Bliley Act. The 1999 law repealed part of a landmark New Deal securities regulation law, the Glass-Steagall Act, and allowed mergers between commercial and investment banks creating today's financial-services giants.

Read more at the Detroit News



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