The Graham Leach Bliley Act allowed the creation of financial services holding companies (FHC) in 1999.

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The Gramm-Leach-Bliley Act (GLBA), passed in 1999, repealed part of the Glass-Steagall Act of 1933, allowing banks, securities companies, and insurance companies to merge and form financial services holding companies, thus permitting them to offer a combination of services that were previously kept separate.

The Graham Leach Bliley Act Allowed the Creation of Financial