Requesting that Congress enact legislation that would reinstate the separation of commercial and investment banking functions that were in effect under the Glass-Steagall act.

 S-0393.1

SENATE JOINT MEMORIAL 8005

State of Washington

69th Legislature

2025 Regular Session

By Senators Hasegawa, Stanford, Trudeau, and Wellman

Prefiled 12/23/24. Read first time 01/13/25. Referred to Committee on Business, Financial Services & Trade.

TO THE HONORABLE DONALD J. TRUMP, PRESIDENT OF THE UNITED STATES, AND TO THE PRESIDENT OF THE SENATE AND THE SPEAKER OF THE HOUSE OF REPRESENTATIVES, AND TO THE SENATE AND HOUSE OF REPRESENTATIVES OF THE UNITED STATES, IN CONGRESS ASSEMBLED:

We, your Memorialists, the Senate and House of Representatives of the State of Washington, in legislative session assembled, respectfully represent and petition as follows:

WHEREAS, An effective monetary and banking system is essential to the functioning of the economy; and

WHEREAS, Such a system must function in the public interest, without bias; and