TITLE

FPA INSIDE WASHINGTON

PUB. DATE
January 2000
SOURCE
Journal of Financial Planning;Jan2000, Vol. 13 Issue 1, p20
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article presents news briefs related to financial planners in the U.S. One of the snippets reports that although historic reform legislation repealing the 1933 Glass-Steagall Act was signed into law in the year 1999, the controversy over consumer privacy is expected to shift to state battlegrounds. In addition to allowing cross-ownership of banks, insurance companies and brokerage firms, the Gramm-Leach-Bliley Act permits state legislatures to enact greater privacy protections for customers of these holding companies than under federal standards. Federal privacy rules by the U.S. Securities and Exchange Commission, banking regulators and other agencies must be adopted by May 12, 2000. Another snippet presents information on Congressional hearings on other changes to federal securities laws--put on hold last year by Glass-Steagall reform legislation--are expected in early 2000 on a draft bill. According to congressional staff, the intent is to develop consensus on legislation that would have a chance of passing both U.S. Houses. Several controversial proposals have already been dropped from consideration.
ACCESSION #
18709497

 

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