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National Press Club

Banking Regulation

September 28, 1987

About This Video

Run time: 3 minutes

The chairman of the Senate Banking, Housing, and Urban Affairs Committee discusses proposed financial legislation. Included is a bill to repeal the Glass-Steagall Act, which limits the involvement of banks in securities underwriting. The legislation addresses the falling share of mortgages handled by banks and savings and loans. A second measure is a bill to limit hostile takeovers of corporations.