OH HCR9

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

Cites the 1999 repeal of Glass-Steagall provisions as partially contributing to the greatest speculative bubble and worldwide recession since the Great Depression, which caused millions of foreclosures, job losses, and financial strains on states and municipalities.

References prior federal efforts to restore Glass-Steagall protections, including H.R. 790 (Return to Prudent Banking Act of 2017) introduced by Representative Marcy Kaptur and S. 881 (21st Century Glass-Steagall Act) introduced by Senator Elizabeth Warren and others in 2017.

Notes widespread national support for Glass-Steagall reinstatement from economic leaders including former FDIC vice-chairman Thomas Hoenig and former Citigroup CEO Sanford Weill, as well as major publications including the New York Times and Los Angeles Times.

Directs transmission of the resolution to the President, Congressional leadership, Ohio's congressional delegation, Representative Kaptur, Senator Warren, and Ohio news media.