Which act repealed some Depression-era restrictions on the kinds of assets a bank could own?
A) the Gramm-Leach-Bliley Act of 1999
B) the Dodd-Frank Act of 2010
C) the Garn-St. Germain Act of 1982
D) the Sarbanes-Oxley Act of 2002
E) the National Banking Act of 1863

Question

Quizplus · Accepted Answer

The Gramm-Leach-Bliley Act of 1999 repealed provisions of the Glass-Steagall Act of 1933, allowing banks, securities firms, and insurance companies to merge and thus removing some of the Depression-era restrictions on the kinds of assets banks could own.

Which Act Repealed Some Depression-Era Restrictions on the Kinds of Assets