News / Brèves Glass-Steagall Back to previous selection / Retour à la sélection précédente Glass-Steagall Introduced into New Mexico Senate 31 January 2014 (EIRNS)—Sen. William P. Soules (D) introduced a Glass-Steagall Memorial Resolution into the New Mexico Senate yesterday, Senate Memorial 37. Its preface "urg[es] the New Mexico congressional Delegation in Washington, D.C., to support efforts to reinstate separation of commercial and investment banking functions in effect under the Banking Act of 1933." The Memorial devotes one "whereas" to the fact that "many financial industries entities were bailed out by the U.S. Department of the Treasury at a cost of hundreds of billions of dollars to American taxpayers." One "whereas" reports Rep. Marcy Kaptur’s H.R. 129, and another describes "The 21st Century Glass-Steagall Act of 2013 (S. 1282) introduced by U.S. Sens. Elizabeth Warren, John McCain, Maria Cantwell and Angus King. New Mexico is the fourth state where Glass-Steagall has been introduced in 2014. Others are: Washington State, Senate Joint Resolution 8012, sponsored by Sens. Bob Hasegawa (D) and Maralyn Chase (D), with 17 cosponsors; Virginia, Senate Joint Resolution 22, sponsored by Sen. Richard Black (R); and Alabama, where House Resolution 75 was introduced by Rep. Tom Jackson (D) last week. [AGG]