The main outcome of the Gramm-Leach-Bliley Act of 1999 is to allow:

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The Gramm-Leach-Bliley Act of 1999 allowed banks, insurers, and security dealers to form financial services holding companies. This enabled them to engage in a broader range of financial activities, such as offering banking, insurance, and securities all under one corporate umbrella. This effectively repealed certain provisions of the Glass-Steagall Act, but did not allow banks to evade its provisions entirely. Additionally, the Act did not give insurers the option to choose between state or federal regulation.

The Main Outcome of the Gramm-Leach-Bliley Act of 1999 Is