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Publication Date: December 1999
Publisher: Library of Congress. Congressional Research Service
Author(s):
Research Area: Banking and finance
Type:
Abstract:
P.L. 106-102, the Gramm-Leach-Bliley Act (initially passed by the House as H.R. 10 and by the Senate as S. 900) is landmark financial services legislation. This comprehensive legislation is very complex and addresses a wide range of issues. It will significantly modernize the delivery of financial services to customers by changing the regulatory structure of financial services providers and rationalizing some of the ways in which they do business. This report provides background analysis of key issues and a short legislative history of this important legislation, together with reference to underlying congressional documents. It will not be further updated. Continuing CRS analysis on various financial issues is available in the CRS Electronic Briefing Book on Banking and Financial Services.