Executive Intelligence Review
Subscribe to EIR

PRESS RELEASE


Petition Circulating To Demand Congressional Vote on Glass-Steagall

Aug. 8, 2016 (EIRNS)—Fourteen labor, civic, immigration, and political activists’ groups, including the AFL-CIO, are circulating a petition demanding that Congressional leaders allow a vote on the bipartisan 21st Century Glass-Steagall Act. Although the petition states that the vote should take place after the election, the fact that people are mobilizing on behalf of Glass-Steagall is a reflection of the rapidly-growing national sentiment against Wall Street and its casino banks.

Urging people to sign the petition, The Nation pointed out that both Democrats and Republicans have made the "surprise move" of including reinstatement of the Glass-Steagall Act in their official party platforms.

"Momentum is growing to pass a modern Glass-Steagall Act," The Nation notes.

"A huge majority of working people support the idea of reinstating the Act and a bipartisan bill—introduced by Sen. Elizabeth Warren and supported by Sen. John McCain—has already been introduced in the Senate that would put in place a modern version of the Glass-Steagall Act."

The petition, which will be delivered to leaders of the House and Senate, reads as follows:

TO: LEADERS IN CONGRESS

Wall Street greed and risky behavior is out of control and needs to be reined in. There is a simple solution: pass the 21st Century Glass-Steagall Act. Both the RNC and DNC platforms call for a new Glass-Steagall and there is bipartisan support for the 21st Century Glass-Steagall Act.

We demand that you listen to working people and your own party and allow a vote on the 21st Century Glass-Steagall Act after the election.

Sponsored by: The Nation AFL-CIO, American Family Voices, American Federation of Teachers, Americans for Financial Reform, Campaign for America’s Future, Courage Campaign, CPD Action Daily, Kos EPI Policy Center, Franciscan Action Network, Jobs With Justice, Just Foreign Policy People For the American Way, Presente.org, Progressive Congress Rootstrikers