AZ HCM2011

Urges the U.S. Congress to adopt H.R. 129 (Return to Prudent Banking Act of 2013) and S. 1282 (21st Century Glass-Steagall Act of 2013) to reinstate separation between commercial and investment banking.

Argues that the repeal of the Glass-Steagall Act in 1999 contributed to the financial crisis and subsequent recession, resulting in millions of job losses and home foreclosures while taxpayers funded financial institution bailouts.

Calls for legislation prohibiting commercial banks and bank holding companies from investing in stocks, underwriting securities, or investing in derivative transactions to reduce taxpayer risk.

Notes that as of September 9, 2013, eighteen states had filed similar resolutions requesting Glass-Steagall restoration, with Maine and South Dakota having passed resolutions through both houses.

Directs the Arizona Secretary of State to transmit the memorial to the President, Congress, Arizona's congressional delegation, and key sponsors of the Glass-Steagall legislation.