Honorable Phil Gramm
United States Senator, Texas, Republican
Senator Gramm was first elected to the U.S. Senate in 1984.He was a Member of the U.S. House of Representatives from 1978to 1984. He is Chairman of the Banking, Housing, and Urban AffairsCommittee and also serves on the Housing and Transportation Committee,the Budget Committee, and the Finance Committee. The followingis from the May 4, 1999, Senate floor debate on S. 900, the FinancialServices Modernization Act.We are here to debate the most important banking bill in 60years. This bill would dramatically change the American financialsystem. It would knock down existing barriers that separate insuranceand banking and separate securities and banking. It…
