Honorable Paul Sarbanes
United States Senator, Maryland, Democrat
Senator Sarbanes was first elected to the U.S. Senate in1976. He served in the Maryland House of Delegates from 1966 to1970 and in the U.S. House of Representatives from 1970 to 1976.He serves on the following committees: Banking, Housing, and UrbanAffairs, on which he is the Ranking Minority Member; Budget; ForeignRelations; and the Joint Economic Committee. The following isfrom the May 4, 1999, Senate floor debate on S. 900, the FinancialServices Modernization Act.Many experts agree that the time has come to allow affiliationsbetween banks, securities firms, and insurance companies, in otherwords, those actors within the financial services industry thatheretofore have…
