SENATORS AND REPRESENTATIVES WHO VOTED TO REPEAL THE GLASS-STEAGALL ACT

 

Senators and Representatives who voted for S900 (Repeal of the Glass-Steagall Act)

Signed by President Bill Clinton Nov. 12, 1999

Glass–Steagall Act of 1933

From Wikipedia, the free encyclopedia

The Banking Act of 1933, Pub.L. 73-66, 48 Stat. 162, enacted June 16, 1933, was a law that established the Federal Deposit Insurance Corporation (FDIC) in the United States and introduced banking reforms, some of which were designed to control speculation.[1] It is most commonly known as the Glass–Steagall Act, after its legislative sponsors, Senator Carter Glass (DVa.) and Congressman Henry B. Steagall (DAla.-3). Some provisions of the Act, such as Regulation Q, which allowed the Federal Reserve to regulate interest rates in savings accounts, were repealed by the Depository Institutions Deregulation and Monetary Control Act of 1980. Provisions that prohibit a bank holding company from owning other financial companies were repealed on November 12, 1999, by the Gramm–Leach–Bliley Act, named after its co-sponsors Phil Gramm (R, Texas), Rep. Jim Leach (R, Iowa), and Rep. Thomas J. Bliley, Jr. (R, Virginia).[2][3]

The repeal of provisions of the Glass–Steagall Act of 1933 by the Gramm–Leach–Bliley Act effectively removed the separation that previously existed between investment banking which issued securities and commercial banks which accepted deposits. The deregulation also removed conflict of interest prohibitions between investment bankers serving as officers of commercial banks. This repeal directly contributed to the severity of the Financial crisis of 2007–2011 by allowing Wall Street investment banking firms to gamble with their depositors' money that was held in commercial banks.[4][5][6][7][8][9]

The repeal enabled commercial lenders such as Citigroup, which was in 1999 the largest U.S. bank by assets, to underwrite and trade instruments such as mortgage-backed securities and collateralized debt obligations and establish so-called structured investment vehicles, or SIVs, that bought those securities.[15] Elizabeth Warren,[16] author and one of the five outside experts who constitute the Congressional Oversight Panel of the Troubled Asset Relief Program, has said the repeal of this act contributed to the Global financial crisis of 2008–2009.

The Glass-Steagall Act was only partially reinstated by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 leaving America still vulnerable to another economic melt down as seen in 2007.

The following is a list of senators and representatives who voted to repeal the Glass-Steagall Act.  The names in bold are currently in office as of 2011 and need to be either impeached or voted out of office.  At the very least, they should be required to undo the damage they have done. Please contact these people and let them know how you feel about what they have done.  These people can be contacted by clicking on their names.

 

FINAL VOTE BY THE SENATE

Alphabetical by Senator Name

Abraham (R-MI), Yea
Akaka (D-HI), Yea
Allard (R-CO), Yea
Ashcroft (R-MO), Yea
Baucus (D-MT), Yea
Bayh (D-IN), Yea
Bennett (R-UT), Yea
Biden (D-DE), Yea
Bingaman (D-NM), Yea
Bond (R-MO), Yea
Boxer (D-CA), Nay
Breaux (D-LA), Yea
Brownback (R-KS), Yea
Bryan (D-NV), Nay
Bunning (R-KY), Yea
Burns (R-MT), Yea
Byrd (D-WV), Yea
Campbell (R-CO), Yea
Chafee, L. (R-RI), Yea
Cleland (D-GA), Yea
Cochran (R-MS), Yea
Collins (R-ME), Yea
Conrad (D-ND), Yea
Coverdell (R-GA), Yea
Craig (R-ID), Yea
Crapo (R-ID), Yea
Daschle (D-SD), Yea
DeWine (R-OH), Yea
Dodd (D-CT), Yea
Domenici (R-NM), Yea
Dorgan (D-ND), Nay
Durbin (D-IL), Yea
Edwards (D-NC), Yea
Enzi (R-WY), Yea

Feingold (D-WI), Nay
Feinstein (D-CA), Yea
Fitzgerald (R-IL), Present
Frist (R-TN), Yea
Gorton (R-WA), Yea
Graham (D-FL), Yea
Gramm (R-TX), Yea
Grams (R-MN), Yea
Grassley (R-IA), Yea
Gregg (R-NH), Yea
Hagel (R-NE), Yea
Harkin (D-IA), Nay
Hatch (R-UT), Yea
Helms (R-NC), Yea
Hollings (D-SC), Yea
Hutchinson (R-AR), Yea
Hutchison (R-TX), Yea
Inhofe (R-OK),
Yea
Inouye (D-HI), Yea
Jeffords (R-VT), Yea
Johnson (D-SD), Yea
Kennedy (D-MA), Yea
Kerrey (D-NE), Yea
Kerry (D-MA), Yea
Kohl (D-WI), Yea
Kyl (R-AZ), Yea
Landrieu (D-LA), Yea
Lautenberg (D-NJ),
Yea
Leahy (D-VT),
Yea
Levin (D-MI), Yea
Lieberman (D-CT), Yea
Lincoln (D-AR), Yea
Lott (R-MS), Yea
Lugar (R-IN), Yea

Mack (R-FL), Yea
McCain (R-AZ), Not Voting *
McConnell (R-KY), Yea
Mikulski (D-MD), Nay
Moynihan (D-NY), Yea
Murkowski (R-AK), Yea
Murray (D-WA),
Yea
Nickles (R-OK), Yea
Reed (D-RI), Yea
Reid (D-NV),
Yea
Robb (D-VA), Yea
Roberts (R-KS), Yea
Rockefeller (D-WV), Yea
Roth (R-DE), Yea
Santorum (R-PA), Yea
Sarbanes (D-MD), Yea
Schumer (D-NY), Yea
Sessions (R-AL),
Yea
Shelby (R-AL), Nay
Smith (R-NH), Yea
Smith (R-OR), Yea
Snowe (R-ME), Yea
Specter (R-PA), Yea
Stevens (R-AK), Yea
Thomas (R-WY), Yea
Thompson (R-TN), Yea
Thurmond (R-SC), Yea
Torricelli (D-NJ), Yea
Voinovich (R-OH), Yea
Warner (R-VA), Yea
Wellstone (D-MN), Nay
Wyden (D-OR), Yea

 

* Voted for an earlier version of the bill.

 

                      

 

Final vote by the House of Representatives

 

YEAs

 

Abercrombie-D
Ackerman-D(NY)
Aderholt-R(AL)
Allen-D
Andrews-D(NJ)
Archer-R
Armey-R
Bachus-R(AL)
Baird-D
Baker-R
Baldacci
Ballenger-R
Barcia-D
Barr-R
Barrett (NE)-R
Bartlett-R(MD)
Bass-R(NH)
Bateman-R
Becerra-D(CA)
Bentsen-D
Berkley-D(NV)
Berman-D(CA)
Berry-D
Biggert-R(IL)
Bilbray-R(CA)
Bilirakis-R(FL)
Bishop-D(GA)
Blagojevich-D
Bliley-R
Blumenauer-D(OR)
Blunt-R
Boehlert-R
Boehner-R(OH)
Bonilla-R
Bonior-D
Bono-R(CA)
Borski-D
Boswell-D(IA)
Boucher-D
Boyd-D
Brady-R(TX)
Brown-D(FL)
Brown-D (OH)
Bryant-R
Burr-R
Burton-R(IN)
Buyer-R
Callahan-R
Calvert-R(CA)
Camp-R(MI)
Canady-R
Cannon-R
Capps-D(CA)
Cardin-D
Carson-D
Castle-R
Chabot-R(OH)
Chambliss-R
Chenoweth-Hage-R
Clayton-D
Clement-D
Clyburn-D(SC)
Coble-R(NC)
Coburn-R
Collins-R
Combest-R
Cook-R
Cooksey-R
Cox-R
Cramer-D
Crane-R
Crowley-D(NY)
Cubin-R
Cummings-D(MD)
Cunningham-R
Danner-D
Davis-D (FL)
Davis (VA)-R
Deal-R
DeGette-D(CO)
Delahunt-D
DeLay-R
DeMint-R
Deutsch-D
Diaz-Balart-R(FL)
Dicks-D(WA)
Doggett-D(TX)
Dooley-D
Doolittle-R
Doyle-D(PA)
Dreier-R(CA)
Duncan-R(TN)

Dunn-R
Ehlers-R
Ehrlich-R
Emerson-R(MO)
Engel-D(NY)
English-R
Eshoo-D(CA)
Etheridge-D
Everett-R
Ewing-R
Farr-D(CA)
Fletcher-R
Foley-R
Forbes-D
Ford-D
Fossella-R
Fowler-R
Franks (NJ)-R
Frelinghuysen-R(NJ)
Frost-D
Gallegly-R(CA)
Ganske-R
Gekas-R
Gephardt-D
Gibbons-R
Gilchrest-R
Gillmor-R
Gilman-R
Gonzalez-D

Goode-D
Goodlatte-R(VA)
Goodling-R
Gordon-D
Goss-R
Graham-R
Granger-R(TX)
Green-D (TX)
Green (WI)
Greenwood-R
Gutknecht-R
Hall-D (OH)
Hall -D(TX)
Hansen-R
Hastert-R
Hastings (WA)-R
Hayes-R
Hayworth-R
Herger-R(CA)
Hill-D (IN)
Hill (MT)-R
Hilleary-R
Hilliard-D
Hinojosa-D(TX)
Hobson-R
Hoeffel-D
Hoekstra-R
Holden-D(PA)
Holt-D(NJ)
Hooley-D
Horn-R
Hostettler-R
Houghton-R
Hoyer-D(NJ)
Hulshof-R
Hunter-R
Hutchinson-R
Hyde-R
Isakson-R
Istook-R
Jackson-Lee-D (TX)
Jefferson
Jenkins-R
John
Johnson (CT)-R
Johnson, E. B.-D(TX)
Johnson, Sam-R(TX)
Jones-R (NC)
Jones-D (OH)
Kasich-R
Kelly-R
Kennedy-D
Kilpatrick-D
Kind-D (WI)
King-R (NY)
Kingston-R(GA)
Kleczka-D
Klink-D
Knollenberg-R
Kolbe-R
Kuykendall-R
LaFalce-D
LaHood-R
Lampson-D
Lantos-D
Largent-R
Latham-R(IA)
LaTourette-R(OH)
Lazio-R
Leach-R
Levin-D(MI)
Lewis -R(CA)
Lewis (KY)-R
Linder-R
LoBiondo-R(NJ)
Lofgren-D(CA)
Lowey-D(NY)
Lucas-D (KY)
Lucas-R(OK)
Maloney-D (CT)
Maloney-D (NY)
Manzullo-R(IL)
Mascara-D
Matsui-D(CA)
McCarthy -D(MO)
McCarthy-D (NY)
McCollum-R
McCrery-R
McGovern-D(MA)
McHugh-R
McIntosh-R
McIntyre-D(NC)
McKeon-R(CA)

McNulty-D
Meehan-D
Meeks-D (NY)
Menendez-D
Metcalf-R
Millender-McDonald
Miller (FL)-R
Miller, Gary-R(CA)
Minge-D
Mink-D
Moakley-D
Moore-D
Moran (KS)-R
Moran-D (VA)
Morella-R
Murtha-D
Myrick-R(NC)
Nadler-D(NY)
Napolitano-D(CA)
Neal-D(MA)
Nethercutt-R
Northup-R
Nussle-R
Oberstar-D
Olver-D(MA)
Ortiz
Ose-R
Owens-D

Oxley-R
Packard-R
Pallone-D(NJ)
Pascrell-D(NJ)
Pastor-D(AZ)
Payne-D(NJ)
Pease-R
Pelosi-D(CA)
Peterson-D (MN)
Peterson (PA)-R
Petri-R(WI)
Pickering-R
Pickett-D
Pitts-R(PA)
Pombo-R
Pomeroy-D
Porter-R
Portman-R
Price-D (NC)
Pryce (OH)
Quinn-R
Rahall-D(WV)
Ramstad-R
Rangel-D(NY)
Regula-R
Reyes-D
Reynolds-R
Riley-R
Roemer-D
Rogan-R
Rogers-R(KY)
Rohrabacher-R(CA)
Ros-Lehtinen-R(FL)
Rothman-D(NJ)

Roukema-R
Royce-R(CA)
Ryan-R)WI)

Ryun (KS)-R
Sabo-D
Salmon-R
Sanchez-D(CA)
Sandlin-D
Sawyer-D
Saxton-R
Schaffer-R
Scott-D(VA)
Sensenbrenner-R(WI)
Sessions-R
Shadegg-R
Shaw-R
Shays-R
Sherman-D(CA)
Sherwood-R
Shimkus-R(IL)
Shows-D
Simpson-R(ID)
Sisisky-D
Skeen-R
Skelton-D
Slaughter-D(NY)
Smith (MI)-R
Smith-R(NJ)
Smith-R(TX)
Smith -D(WA)
Snyder-D
Souder-R
Spence-R
Spratt-D
Stabenow-D
Stearns-R(FL)
Stenholm-D
Strickland-D
Stump-R
Stupak-D
Sununu-R
Sweeney-R
Talent-R
Tancredo-R
Tanner-D
Tauscher-D
Tauzin-R
Terry-R(NE)
Thomas-R
Thompson-D (CA)
Thompson-D (MS)
Thornberry-R(TX)
Thune-R
Tiahrt-R
Toomey-R
Towns-D(NY)
Traficant-D
Turner-D
Udall-D (CO)
Udall-D (NM)
Upton-R(MI)
Velazquez-D(NY)
Vento-D
Visclosky-D(IA)
Vitter-R
Walden-R(OR)
Walsh-R
Wamp-R
Watkins-R
Watt-D (NC)
Watts (OK)
Weiner-D
Weldon (FL)-R
Weldon (PA)-R
Weller-R
Wexler-D
Weygand-D
Whitfield-R(KY)
Wicker-R
Wilson-R
Wise-D
Wolf-R(VA)
Wu-D(OR)
Wynn-D
Young-R(AK)
Young-R(FL)

 

 

TOTAL = 74 REPUBLICANS AND 82 DEMOCRATS who are still in office.

Voting information compiled from the records of the Library of Congress. You can find this information and more at:  http://thomas.loc.gov/cgi-bin/bdquery/z?d106:SN00900:@@@S|TOM:/bss/d106query.html|

 

These Senators and Representatives shamefully betrayed the American people and need to be held accountable.