HI HCR173

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

Specifically calls for prohibitions preventing commercial banks and bank holding companies from investing in stocks, underwriting securities, or engaging in derivative transactions.

Cites the 1999 repeal of Glass-Steagall Act sections as a potential contributor to the 2007-2009 Great Recession, which resulted in millions of home foreclosures and job losses nationwide.

References Senator Elizabeth Warren's 2017 legislation (S. 881, the 21st Century Glass-Steagall Act) as an example of efforts to restore Glass-Steagall protections.

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