Editing Glass–Steagall legislation (section)

==Post-financial crisis reform debate==
{{Main article |Glass–Steagall in post-financial crisis reform debate}}
Following the [[2008 financial crisis]], legislators unsuccessfully tried to reinstate Glass–Steagall Sections 20 and 32 as part of the [[Dodd–Frank Wall Street Reform and Consumer Protection Act]]. Both in the United States and elsewhere around the world, banking reforms have been proposed that refer to Glass–Steagall principles. These proposals include issues of "[[ringfencing]]" commercial banking operations and [[narrow banking]] proposals that would sharply reduce the permitted activities of commercial banks - institutions that provide capital liquidity to investment management firms to shore up over-inflated market valuation of securities (whether debt or equity).  Reconciliation of over-committed funds is possible by filing claims to the [[FDIC]] (Federal Deposit Insurance Company) - hence further increasing the federal budget deficit.