HI HCR138

Requests United States Congress to pass legislation reinstating the separation of commercial and investment banking functions that were in effect under the Glass-Steagall Act of 1933.

Seeks prohibitions preventing commercial banks and bank holding companies from investing in stocks, underwriting securities, or investing in or acting as guarantors to derivative transactions.

References H.R. 129, the Return to Prudent Banking Act of 2013, introduced by Congresswoman Marcy Kaptur as a model for restoring Glass-Steagall protections.

Cites the 1999 repeal of Glass-Steagall sections as a contributing factor to the speculative financial bubble and recent worldwide recession that resulted in home foreclosures and job losses.

Directs transmission of certified copies to the Speaker of the U.S. House of Representatives, Majority Leader of the U.S. Senate, and Hawaii's congressional delegation.