Urges Congress to reinstate "Glass-Steagall Act."

This New Jersey Senate Resolution (SR 67) urges the U.S. Congress to reinstate the Glass-Steagall Act, a 1933 law that separated commercial banking from investment banking. It argues that repealing this act in 1999 allowed banks to merge with investment firms, contributing to risky practices that helped cause the 2008 financial crisis. The resolution states that reinstating Glass-Steagall would strengthen the financial system by creating a "firewall" between these banking activities. As a non-binding resolution, it does not create new law but formally requests congressional action.