Oregon Democratic Party's Legislative Agenda Includes Glass-Steagall
February 8, 2013 • 9:52AM

The Democratic Party of Oregon's "2012 Legislative Agenda," includes at point #2: "Establish a wall of separation between the commercial banks (which accept deposits) and investment banks (which issue securities), by reinstating provisions of the Glass-Steagall Act so that depositors' FDIC-insured money cannot be used for risky gambling on Wall Street and so that commercial banks revert to their traditional role."

The Legislative Agenda, and the 2012 party Platform, were adopted by the party's 2012 Platform Convention, which, according to the DPO's web-page, "considered over one hundred Legislative Action Items before deciding on the final twelve to be included in the Party's platform."

In a telephone conversation today, a party spokesman said that the Legislative Agenda is what the Party majority hope their legislators will work for in the time until the next Platform Convention, in 2014.

Democratic members, in particular, of Oregon's delegation in Congress should be reminded of the commitment to Glass-Steagall in their state party's Legislative Agenda. Four of the five Oregon representatives in the House of Representatives are Democrats: Suzanne Bonamici, Earl Blumenauer, Peter DeFazio, and Kurt Schrader. Both of Oregon's U.S. Senators — Jeff Merkley and Ron Wyden — are also Democrats. Their constituents want them to fight for Glass-Steagall!