The Democratic convention debuted Monday and — like its Republican counterpart — the party included a provision in its platform recommending that lawmakers reinstate the 1933 Depression-era Glass-Steagall Act, which would break up the largest banks.
That may raise the hopes of some break-up supporters, but a legislative effort to reinstate the landmark law, which was neutered by a 1999 statute, will have a tough if not impossible time passing. The proposal’s inclusion in both parties’ platforms, however, does suggest that Donald Trump and Hillary Clinton would each face pressure to remain tough on large banks.
