Eight New Signers on the 21st Century Glass-Steagall Act of 2013

January 16, 2014 • 5:07PM

Eight Congressmen added their names as sponsors to HR 3711, the 21st Century Glass-Steagall Act of 2103, yesterday, bringing the total signers to 10. HR 3711 is the companion bill to the Senate 21st Century Glass-Steagall bill, S. 1282, which was introduced by Senators Elizabeth Warren (D-Mass), Angus King (I-Me), John McCain (R-Ariz), and Maria Cantwell (D-Wash) in July of last year.

Sen. Warren's bill, which has become a major focal point of discussion and attack by Wall Street over the past six months, also has a total of 10 sponsors.

Congressmen John Tierney (D-Mass) and Walter Jones (R-NC), are both signers on HR 129, the Return to Prudent Banking Act, introduced by Rep. Marcy Kaptur (D-OH) in early 2013. Kaptur's bill, which also has a companion bill in the Senate (S. 954, sponsored by Sen. Tom Harkin), currently has a total of 78 cosponsors, including both Tierney and Jones.

The new signers on HR 3711 are all Democrats: Michael Capuano (Mass), Elijah Cummings (Md.), Suzan Delbene (Wash.), Barbara Lee (Calif), James McGovern (Mass.), George Miller (Calif.), Eleanor Holmes-Norton (D.C.), and Jan Schakowsky (Ill.). All but Rep. Delbene are also sponsoring HR 129.