IN HR0086

Urges Congress to reinstate the separation of commercial and investment banking functions that were in effect under the Glass-Steagall Act of 1933.

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

References the repeal of Glass-Steagall in 1999 as partially contributing to the speculative bubble and worldwide recession that resulted in foreclosures, job losses, and financial strain on states and local governments.

Supports H.R. No. 129 (Return to Prudent Banking Act of 2013), introduced by Congresswoman Marcy Kaptur.

Directs the Principal Clerk of the House to transmit the resolution to the President, Congressional leadership, all Indiana members of Congress, and Congresswoman Kaptur.