Glass-Steagall Resolution Introduced in Maryland
February 21, 2013 • 10:18AM

On Wednesday, Maryland became the sixth state to introduce a resolution (House Joint Resolution 3-HJR3) demanding congressional support for HR 129, Rep. Marcy Kaptur's (D-OH) bill to reinstate Glass-Steagall. A Democratic leader is the sponsor, with fourteen cosponsors, including nine members of the Black Caucus; three Republicans and a total of a dozen women. Many hold leadership positions for both the Democratic majority and the Republican minority in the legislature. This diverse group of cosponsors represents a wide spectrum, from the often conservative Republican coastline of the eastern shore to the inner city of Baltimore to the union activists of Prince Georges County, home to the neighboring communities of the nation's capital, Washington, DC.

Such widespread support is a small reflection of a growing national phenomenon of non-partisan rally cries for the immediate reinstatement of Glass-Steagall. States like Maryland throughout the nation are being confronted with the impossible situation of widespread unemployment, decrepit infrastructure, haunting hyperinflation, and no long-term solutions.

Several of the cosponsors of Maryland's resolution HJR 3 have been educated by LaRouche PAC activists on Glass-Steagall for many years and were delighted to be part of the national effort. Often other delegates would wonder why they were being asked to take a stand on a federal issue, but once told of our national and international strategy, they realized it was perhaps the only way to move Congress on such a vital measure. Through the years some have read our material; others met Mr LaRouche personally in 1999 when he addressed the Baltimore-hosted National Black Caucus of State Legislators' national conference. All of them are anxious to hear what other states have joined the fight to save the nation.