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Fitzgerald Introduces 21st Century Glass-Steagall Act


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Characters Referenced: Kyle Fitzgerald

From The Office of Kyle Fitzgerald
For Immediate Release 

Washington, DC – Sen. Kyle Fitzgerald (R-WV) spoke to the press after introducing the 21st Century Glass-Steagall Act.

“After the financial crash of 2008, it became clear that America’s financial sector was in dire need of reform. Unfortunately, our leaders never leveled the playing field between the workers on Main Street and the speculators on Wall Street who create risk in our economy. That is why today I introduced the 21st Century Glass-Steagall Act. The original Glass-Steagall Act was passed in 1933 as a response to the Great Depression. It was eventually repealed, and some analysts partially blame that repeal for what happened in 2008. This bill is a 21st century adaptation of the original Glass-Steagall Act. By separating commercial and investment banking, it reduces conflicts of interest within the financial industry and protects consumers from the risky activities that occurred prior to the 2008 crash. For far too long, our leaders have ignored Main Street while rewarding Wall Street. The results were the 2008 financial crash and the devastating after-effects that lingered for years. This bill will restore balance to our economy and create opportunities for working Americans.”

View full press release

Former President Kyle Fitzgerald

Three-Time Republican Nominee

Nobel Peace Prize Winner

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