HJR60 Summary

• Urges Congress to reinstate the separation of commercial and investment banking functions that existed under the Glass-Steagall Act
• Urges Congress to support efforts to return to national banking policies to repair the nation's infrastructure
• Cites concerns about a speculative bubble on Wall Street tied to $250 trillion in derivatives and weak economic performance
• Proposes chartering a new national bank with at least $1 trillion in capital (non-taxpayer funds) to finance infrastructure projects and create employment
• Directs copies of the resolution to be sent to the President, congressional leadership, and Alabama's Congressional Delegation