"Those who vote for this bill will remember this when we have the next catastrophic event that goes with the risks in derivatives." Senator Byron Dorgan 9 years before the financial crisis of 2008

 "Those who vote for this bill will remember this, at some point in the future, when we have the next catastrophic event that goes with the risks in derivatives."
Senator Byron Dorgan, D, North Dakota, 1999

 

S. 900: Gramm-Leach-Bliley Act

106^th Congress: 1999-2000

An Act to enhance competition in the financial services industry by providing a prudential framework for the affiliation of banks, securities firms, and other financial service providers, and for other purposes.

Sponsor: Sen. Phil Gramm [R-TX]

This bill became law. It was signed by William Clinton.

 

Status:

	Introduced	Apr 28, 1999
	Referred to Committee	View Committee Assignments
	Reported by Committee	Mar 4, 1999
	Amendments (15 proposed)	View Amendments
	Passed Senate	May 6, 1999
	Passed House	Jul 20, 1999
	Differences Resolved	Nov 4, 1999
	Signed by President	Nov 12, 1999

May 6, 1999: This bill passed in the Senate by roll call vote. The totals were 54 Ayes (52 Republicans. 1 Democrat and 1 Independent), 44 Nays (44 Democrats), 2 Present/Not Voting.

Vote Details

Vote [Sort]	State [Sort]	Representative [Sort by Name] [Sort by Party]
Alabama
Yea	AL	Sessions, Jefferson [R]
Yea	AL	Shelby, Richard [R]
Alaska
Yea	AK	Murkowski, Frank [R]
Yea	AK	Stevens, Ted [R]
Arizona
Yea	AZ	Kyl, Jon [R]
Yea	AZ	McCain, John [R]
Arkansas
Yea	AR	Hutchinson, Tim [R]
Nay	AR	Lincoln, Blanche [D]
California
Nay	CA	Boxer, Barbara [D]
Nay	CA	Feinstein, Dianne [D]
Colorado
Yea	CO	Allard, Wayne [R]
Yea	CO	Campbell, Ben [R]
Connecticut
Nay	CT	Dodd, Christopher [D]
Nay	CT	Lieberman, Joseph [D]
Delaware
Nay	DE	Biden, Joseph [D]
Yea	DE	Roth, William [R]
Florida
Nay	FL	Graham, Bob [D]
Yea	FL	Mack, Connie [R]
Georgia
Nay	GA	Cleland, J. [D]
Yea	GA	Coverdell, Paul [R]
Hawaii
Nay	HI	Akaka, Daniel [D]
Nay	HI	Inouye, Daniel [D]
Idaho
Yea	ID	Craig, Larry [R]
Yea	ID	Crapo, Michael [R]
Illinois
Nay	IL	Durbin, Richard [D]
Present	IL	Fitzgerald, Peter [R]
Indiana
Nay	IN	Bayh, Evan [D]
Yea	IN	Lugar, Richard [R]
Iowa
Yea	IA	Grassley, Charles [R]
Nay	IA	Harkin, Thomas [D]
Kansas
Yea	KS	Brownback, Samuel [R]
Yea	KS	Roberts, Pat [R]
Kentucky
Yea	KY	Bunning, Jim [R]
Yea	KY	McConnell, Mitch [R]
Louisiana
Nay	LA	Breaux, John [D]
Nay	LA	Landrieu, Mary [D]
Maine
Yea	ME	Collins, Susan [R]
Yea	ME	Snowe, Olympia [R]
Maryland
Nay	MD	Mikulski, Barbara [D]
Nay	MD	Sarbanes, Paul [D]
Massachusetts
Nay	MA	Kennedy, Edward [D]
Nay	MA	Kerry, John [D]
Michigan
Yea	MI	Abraham, Spencer [R]
Nay	MI	Levin, Carl [D]
Minnesota
Yea	MN	Grams, Rod [R]
Nay	MN	Wellstone, Paul [D]
Mississippi
Yea	MS	Cochran, Thad [R]
Yea	MS	Lott, Trent [R]
Missouri
Yea	MO	Ashcroft, John [R]
Yea	MO	Bond, Christopher [R]
Montana
Nay	MT	Baucus, Max [D]
Yea	MT	Burns, Conrad [R]
Nebraska
Yea	NE	Hagel, Charles [R]
Nay	NE	Kerrey, J. [D]
Nevada
Nay	NV	Bryan, Richard [D]
Nay	NV	Reid, Harry [D]
New Hampshire
Yea	NH	Gregg, Judd [R]
Yea	NH	Smith, Bob [R]
New Jersey
Nay	NJ	Lautenberg, Frank [D]
Nay	NJ	Torricelli, Robert [D]
New Mexico
Nay	NM	Bingaman, Jeff [D]
Yea	NM	Domenici, Pete [R]
New York
Nay	NY	Moynihan, Daniel [D]
Nay	NY	Schumer, Charles [D]
North Carolina
Nay	NC	Edwards, John [D]
Yea	NC	Helms, Jesse [R]
North Dakota
Nay	ND	Conrad, Kent [D]
Nay	ND	Dorgan, Byron [D]
Ohio
Yea	OH	DeWine, Michael [R]
Yea	OH	Voinovich, George [R]
Oklahoma
Not Voting	OK	Inhofe, James [R]
Yea	OK	Nickles, Don [R]
Oregon
Yea	OR	Smith, Gordon [R]
Nay	OR	Wyden, Ron [D]
Pennsylvania
Yea	PA	Santorum, Richard [R]
Yea	PA	Specter, Arlen [R]
Rhode Island
Yea	RI	Chafee, John [R]
Nay	RI	Reed, John [D]
South Carolina
Yea	SC	Hollings, Ernest [D]
Yea	SC	Thurmond, J. [R]
South Dakota
Nay	SD	Daschle, Thomas [D]
Nay	SD	Johnson, Tim [D]
Tennessee
Yea	TN	Frist, William [R]
Yea	TN	Thompson, Fred [R]
Texas
Yea	TX	Gramm, Phil [R]
Yea	TX	Hutchison, Kay [R]
Utah
Yea	UT	Bennett, Robert [R]
Yea	UT	Hatch, Orrin [R]
Vermont
Yea	VT	Jeffords, James [I]
Nay	VT	Leahy, Patrick [D]
Virginia
Nay	VA	Robb, Charles [D]
Yea	VA	Warner, John [R]
Washington
Yea	WA	Gorton, T. [R]
Nay	WA	Murray, Patty [D]
West Virginia
Nay	WV	Byrd, Robert [D]
Nay	WV	Rockefeller, John [D]
Wisconsin
Nay	WI	Feingold, Russell [D]
Nay	WI	Kohl, Herbert [D]
Wyoming
Yea	WY	Enzi, Michael [R]
Yea	WY	Thomas, Craig [R]

Jul 20, 1999: This bill passed in the House of Representatives without objection. A record of each representative’s position was not kept.

Nov 4, 1999: After passing both the Senate and House, a conference committee is created to work out differences between the Senate and House versions of the bill. A conference report resolving those differences passed in the Senate, paving the way for enactment of the bill, by roll call vote. The totals were 90 Ayes, 8 Nays, 2 Present/Not Voting. Vote Details.

Nov 4, 1999: After passing both the Senate and House, a conference committee is created to work out differences between the Senate and House versions of the bill. A conference report resolving those differences passed in the House of Representatives, paving the way for enactment of the bill, by roll call vote. The totals were 362 Ayes, 57 Nays, 15 Present/Not Voting. Vote Details.