The 108th Congress should
- extend the Gramm-Leach-Bliley Act
(1999) to all banking institutions and remove Community
Reinvestment Act compliance;
- repeal the Community Reinvestment
Act (1977) to allow fair and competitive lending while
eliminating the unnecessary burden of paperwork imposed on
banking institutions and regulatory agencies;
- eliminate mandatory federal deposit
insurance, allow competition, and privatize the Federal
Deposit Insurance Corporation; and
- enact the Bankruptcy Reform Act
with stronger provisions to prevent those debtors who can
repay their obligations from abusing the system.
next: Securities
Markets
|