Political Quotes

William Proxmire: Glass Steagall's restrictions inhibit a U.S.-based firm from offering the entire range of financial services to both…

On the recordFebruary 3, 2010
Glass Steagall's restrictions inhibit a U.S.-based firm from offering the entire range of financial services to both domestic and foreign customers in the United States.
Said by
William Proxmire
Wisconsin

Editor's note · Context

Proxmire argued that Glass-Steagall limited U.S. financial competitiveness.

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Apr 8, 2019

In passing the CRA in 1977, Senator William Proxmire stated that the Act was based on the widely shared assumption that a bank's public charter conveys numerous economic benefits, and, therefore, it is fair for the public to ask for…

congress.gov

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