NC H836

Urges the United States Congress to enact legislation reinstating the separation of commercial and investment banking functions that existed under the Glass-Steagall Act of 1933.

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

Cites the 1999 repeal of Glass-Steagall as a contributing factor to the greatest speculative bubble and worldwide recession since the Great Depression, resulting in home foreclosures, job losses, and financial strain on state and local governments.

References H.R. 129 (Return to Prudent Banking Act of 2013), introduced by Congresswoman Marcy Kaptur and cosponsored by North Carolina Representative Walter Jones, as legislation that would revive Glass-Steagall protections.

Directs the Principal Clerk to send certified copies of the resolution to the President, Speaker of the U.S. House, and all members of North Carolina's Congressional delegation.