U.S. BANKING REGULATIONS House SponsorsRep. Mary E. Flowers 1/10/2017HouseSession Sine Die Urges the United States Congress and the President of the United States to enact legislation that, in order to prevent American taxpayers from being called upon to fund hundreds of billions of dollars to bail out financial institutions, would reinstate the separation of commercial and investment banking functions that was in effect under the Glass-Steagall Act, prohibiting commercial banks and bank holding companies from investing in stocks, from underwriting securities, and from investing in or acting as guarantors to derivative transactions. 3/15/2016HouseFiled with the Clerk by Rep. Mary E. Flowers 4/4/2016HouseReferred to Rules Committee 4/13/2016HouseAssigned to Financial Institutions Committee 8/1/2016HouseRule 19(b) / Re-referred to Rules Committee 1/10/2017HouseSession Sine Die