Gramm-Leach-Bliley Act

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: Facilitating Affiliation Among Banks, Securities Firms, and Insurance Companies Subtitle A: Affiliations Subtitle B: Streamlining Supervision of Bank Holding Companies Subtitle C: Activities of National Banks Subtitle D: National Treatment of Foreign Financial Institutions Title II: Insurance Customer Protections Title III: Regulatory Improvements Title IV: Federal Home Loan Bank System Modernization Title V: Functional Regulation of Brokers and Dealers Title VI: Unitary Savings and Loan Holding Companies Financial Services Modernization Act of 1999 - Title I: Facilitating Affiliation Among Banks, Securities Firms, and Insurance Companies - Subtitle A: Affiliations - Amends the Banking Act of 1933 (Glass-Steagall Act) to repeal prohibitions: (1) against affiliation of any Federal Reserve member bank with an entity engaged principally in securities activities (securities affiliate); and (2) against simultaneous service by any officer, director, or employee of a securities firm as an officer, director, or employee of any member bank (interlocking directorates). (Sec. 102) Amends the Bank Holding Company Act of 1956 (BHCA) to permit a bank holding company (…