HJR121 Alabama 2013 Session

Updated Feb 27, 2026

Notable

Summary

Primary Sponsor: Thomas JacksonRepresentative
Democrat
Co-Sponsors: Berry Forte John F. Knight Jr Pebblin W. Warren Merika Coleman Greg Burdine Chris England Lawrence McAdory Mike Millican Marcel Black John Robinson James E. Buskey David Colston Mary Moore Dexter Grimsley Darrio Melton John W. Rogers Laura Hall Barbara Bigsby Boyd
Session: Regular Session 2013
Title: Glass-Steagall Act, Congress urged to restore
Summary: Alabama House resolution urging Congress to restore the Glass-Steagall separation of commercial and investment banking to prevent future bailouts.
What This Bill Does
The resolution urges Congress to enact legislation reinstating the separation between commercial and investment banking that existed under Glass-Steagall. It calls for prohibiting commercial banks and bank holding companies from investing in stocks, underwriting securities, or investing in or guaranteeing derivative transactions. It also directs that a copy of the resolution be provided to the U.S. President, congressional leaders, and Alabama's members of Congress.

Who It Affects
Commercial banks and bank holding companies would be restricted from certain activities (investing in stocks, underwriting securities, and guaranteeing/investing in derivatives) if such legislation is enacted.
The general public and taxpayers could indirectly benefit from reduced risk of financial instability or bailouts if the separation is reinstated.

Key Provisions
Urges Congress to enact legislation reinstating the separation of commercial and investment banking functions that existed under Glass-Steagall.
Prohibits commercial banks and bank holding companies from investing in stocks, underwriting securities, or investing in or acting as guarantors for derivative transactions to prevent future bailouts.
Requires the resolution to be distributed to the President, the presiding officers of each house of Congress, and Alabama's members of Congress.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Resolutions, Legislative

Bill Actions

Received in Senate and referred to the Senate committee on Rules

McCutcheon motion to Adopt adopted Voice Vote

Reported from Rules

Introduced and referred to the House of Representatives committee on Rules

Bill Text

Download Introduced PDF

Documents

Bill Text (Introduced) HJR121 Alabama 2013 Session - Introduced

Source: Alabama Legislature