* 1942 – Phil Gramm, American politician

* 1950 – Lou Gramm, American singer-songwriter and musician ( Foreigner and Shadow King )

Certain privacy rights have been established in the United States via legislation such as the Children's Online Privacy Protection Act ( COPPA ), the Gramm – Leach – Bliley Act ( GLB ), and the Health Insurance Portability and Accountability Act ( HIPAA ).

# REDIRECT Gramm – Leach – Bliley Act

# REDIRECT Gramm – Rudman – Hollings Balanced Budget Act

# REDIRECT Gramm – Rudman – Hollings Balanced Budget Act

From 1933 ( Glass – Steagall Act ) until 1999 ( Gramm – Leach – Bliley Act ), the United States maintained a separation between investment banking and commercial banks.

Glass – Steagall was effectively repealed for many large financial institutions by the Gramm – Leach – Bliley Act in 1999.

United States Senate | Sen. Phil Gramm ( Republican Party ( United States ) | R, List of United States Senators from Texas | Texas ), United States House of Representatives | Rep. Jim Leach ( Republican Party ( United States ) | R, Iowa's 2nd congressional district | Iowa ), and Rep. Thomas J. Bliley, Jr. ( Republican Party ( United States ) | R, Virginia's 7th congressional district | Virginia ), the co-sponsors of the Gramm – Leach – Bliley Act.

The Gramm – Leach – Bliley Act ( GLB ), also known as the Financial Services Modernization Act of 1999, () is an act of the 106th United States Congress ( 1999 – 2001 ).

With the passage of the Gramm – Leach – Bliley Act, commercial banks, investment banks, securities firms, and insurance companies were allowed to consolidate.

Respective versions of the legislation were introduced in the U. S. Senate by Phil Gramm ( Republican of Texas ) and in the U. S. House of Representatives by Jim Leach ( R-Iowa ).

The Gramm – Leach – Bliley Act defines a ‘ consumer ’ as

Dorgan was one of only 8 senators who voted " No " on the deregulation bill ( the Gramm – Leach – Bliley Act ) in 1999.

* Gramm – Leach – Bliley Act

# REDIRECT Gramm – Leach – Bliley Act

# REDIRECT Gramm – Leach – Bliley Act

* Gramm – Leach – Bliley Act, an act of the 106th United States Congress that repealed part of the Glass – Steagall Act of 1933

* Financial Privacy: The Gramm Leach Bliley Act

# REDIRECT Gramm – Leach – Bliley Act

The Gramm-Rudman-Hollings Balanced Budget and Emergency Deficit Control Act of 1985 ( 99th Congress, S. 1702,, title II, December 12, 1985,, ) and Budget and Emergency Deficit Control Reaffirmation Act of 1987 (, title I, Sept. 29, 1987,, ) ( both often known as Gramm-Rudman ) were, according to U. S. Senator Phil Gramm of Texas, " the first binding constraint imposed on federal spending, and its spending caps have become part of every subsequent U. S. budget.

The bill was blocked from Senate consideration by the Committee ’ s two dissenting members ( Phil Gramm ( R-TX ) and Richard Shelby ( R-AL )), who argued it expanded the Community Reinvestment Act ( CRA ).

“ Woofies ” were not authorized by the GLBA because of a dispute between Senator Phil Gramm and the Clinton Administration over the application of the Community Reinvestment Act to “ woofies .” In their October 1999 compromise on CRA provisions in the GLBA, the Clinton Administration agreed with Gramm that CRA would not apply to woofies so long as only a company that did not then own any FDIC insured depository institution would be permitted to qualify as a “ wholesale financial institution .” The Clinton Administration wanted this restriction to prevent existing bank holding companies from disposing of their FDIC insured banks to qualify as “ woofies ,” which could reduce the deposit base subject to CRA requirements.

In 1990 Gramm failed in an effort to amend the Iraq International Law Compliance Act of 1990.

Gramm was one of five co-sponsors of the Commodity Futures Modernization Act of 2000.

Some economists state that the 1999 legislation spearheaded by Gramm and signed into law by President Clinton — the Gramm-Leach-Bliley Act — was significantly to blame for the 2007 subprime mortgage crisis and 2008 global economic crisis.

After exiting the presidential race, Gramm defeated Victor Morales of Dallas in November 1996 to win his third and final term in the Senate.

In 2002, Gramm left his Senate seat ( effective November 30 ) a few weeks before the expiration of his term in hopes that his successor, fellow Republican John Cornyn, could gain seniority over other newly elected senators.

On October 22, 1999, Senator Gramm and the Clinton Administration agreed a bank holding company could only become a “ financial holding company ” ( and thereby enjoy the new authority to affiliate with insurance and securities firms ) if all its bank subsidiaries had at least a “ satisfactory ” CRA rating.

In its 2008 coverage of the financial crisis, The Washington Post named Gramm one of seven " Key Players In the Battle Over Regulating Derivatives ", for having " ushed through several major bills to deregulate the banking and investment industries, including the 1999 Gramm-Leach-Bliley act that brought down the walls separating the commercial banking, investment and insurance industries ".

He continued to work with Jones throughout his illness and in 1999, Gramm was back touring with Foreigner playing summer festivals and smaller markets until late 2002.

Gramm responded in March 2008 to criticism of the act by stating that he saw " no evidence whatsoever " that the sub-prime mortgage crisis was caused in any way " by allowing banks and securities companies and insurance companies to compete against each other.

Bragi and Einar Örn Benediktsson ( trumpet / vocals ) had released records on Einar's own label, Gramm.

* Wendy L. Gramm ( Chairman 2 / 22 / 88-1 / 22 / 93 ) 4 / 15 / 85 – 4 / 15 / 90, 4 / 15 / 90 – 4 / 15 / 95, 2 / 22 / 88 – 1 / 22 / 93

Jones was in Rochester performing with the band Spooky Tooth, and Gramm had given Jones a copy of Black Sheep's first album ( S / T ).

Its lineup for 2004-2006 includes Ben Gramm ( drums ), former Black Sheep guitarists Richard Gramm and Don Mancuso ( guitar / bass ), and Andy Knoll ( keyboards ).

) In the 1990s, other Republicans such as Dan Quayle, Pat Buchanan, Phil Gramm, Bob Dole, and Alan Keyes also spoke at BJU.

Modern musicians such as Little Richard, Mark Farner, Dan Peek, Donna Summer, Bob Dylan, Kerry Livgren, Dave Hope, Dave Mustaine, Nicko McBrain, Roger McGuinn, Ted Nugent, Kanye West, Carrie Underwood, Johnny Cash, Brian Welch, Keith Farley, Cliff Richard, Charlie Daniels, Randy Travis, Alice Cooper, Steven Tyler, Mariah Carey, Nick Cannon, and Lou Gramm were artists whose born again conversions had an impact on modern culture.

Among the 1996 Republican Party candidates, both Steve Forbes and Phil Gramm proposed the flat tax.

At times, he collaborated with Gingrich and Lott on deregulation and tax cuts, collaborated with McCain and Phil Gramm on tax cuts and spending restraints, legislated with and campaigned for Joseph Lieberman, and fought poverty with James Pinkerton.

In addition, Kemp and Phil Gramm advised McCain on economic policy.

Both authors are staunch conservatives: on his website, Groseclose cites Barry Goldwater, Ronald Reagan, Jack Kemp, Bob Dole, Chris Christie, Newt Gingrich, Phil Gramm, Dick Armey, and Dick Cheney as his political heroes, and states that he usually sides with conservatives on controversial issues.

* Phil Gramm, U. S. Senator from Texas

File: PhilGramm. jpg | Senator Phil Gramm of Texas

W. Phillip Gramm

| Dr. Jack Gramm

Senators Ernest Hollings ( D-South Carolina ), Warren Rudman ( R-New Hampshire ) and Phil Gramm ( R-Texas ) were the chief sponsors.

The Gramm-Latta Budget ( aka Gramm-Latta Bill ) 1981 and the Gramm-Latta Omnibus Reconciliation Bill of 1981, sponsored by Representatives Phil Gramm ( a Democrat from Texas ) and Delbert Latta ( a Republican from Ohio ), implemented President Ronald Reagan's economic program.

In the early 20th century, Benjamin A. Gramm and his close friend Max Bernstein formed the Gramm-Bernstein Company, which became a pioneer in the motor truck industry.

During WWI, Gramm created the " Liberty truck ", which was welcomed upon its arrival in Washington, D. C., by President Woodrow Wilson.