HJR60 Alabama 2019 Session

Summary

Primary Sponsor

Thomas JacksonRepresentative

Democrat

Session

Regular Session 2019

Title

Legislature, urging Cogress to support efforts to reinstate the separation of commercial and investment banking functions and to return to national banking policies

Summary

HJR60 is Alabama's nonbinding resolution urging the U.S. Congress to reinstate the Glass-Steagall separation of commercial and investment banking and to pursue national banking policies to fund infrastructure.

What This Bill Does

If adopted, it would officially express the Alabama Legislature's support for federal action on banking policy and request that Congress reinstate the separation of banking functions and adopt national banking policies to finance infrastructure. It does not create new laws in Alabama and is a symbolic statement directed at federal officials. Copies of the resolution would be sent to the President, congressional leaders, and Alabama's congressional delegation.

Who It Affects

• Alabama residents, indirectly, through the Legislature's stance on banking policy and its potential impact on infrastructure funding and economic conditions
• The U.S. Congress and the President, who are urged to take action on banking reforms
• Alabama's federal delegation, which would receive a copy of the resolution

Key Provisions

• Urge Congress to reinstate the separation of commercial and investment banking functions under the Glass-Steagall Act
• Urge Congress to support efforts to return to national banking policies to repair infrastructure
• Directs copies of the resolution to the President, to the presiding officers of each house of Congress, and to every member of Alabama's Congressional Delegation

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