State lawmakers pursue Glass-Steagall plans

08/14/2013 | Politico (Washington, D.C.)

Lawmakers from various states are launching plans to pass resolutions urging federal lawmakers to reinstitute the Glass-Steagall Act. Sen. Elizabeth Warren, D-Mass., has been touting the move in Congress, although she hasn't had much success so far. Illinois state Rep. Mary Flowers said, "We on the state level have been looking for an Elizabeth Warren -- someone to carry this banner for us." Maine and South Dakota have approved the resolutions, with Alabama, California, Mississippi and Pennsylvania considering similar resolutions.

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