H.R. 1489: Return to Prudent Banking Act of 2011

What does this bill do?  Put Glass-Steagall back in force.  The bill is sponsored by Representative Marcy Kaptur (D-Ohio).  America needs this bill to pass.

"To repeal certain provisions of the Gramm-Leach-Bliley Act and revive the separation between commercial banking and the securities business, in the manner provided in the Banking Act of 1933, the so-called Glass-Steagall Act."

The bill is succinct, which is a novelty in itself coming from Congress.  But, where are the Republicans? Only two have Republicans have signed on to it, not Ron Paul nor Bachmann.   Sorry Paul and Bachmann, you have just lost my vote in regard to your Presidential aspirations!!!

For the full text of the bill, see H.R. 1489.