Let’s ask the Congressman to cosponsor H.R. 129 http://thomas.loc.gov
“OFFICIAL TITLE AS INTRODUCED:
To repeal certain provisions of the Gramm-Leach-Bliley Act and revive the separation between commercial banking and the securities business, in the manner provided in the Banking Act of 1933, the so-called “Glass-Steagall Act”, and for other purposes.”

Unlike the Congressman’s legislation, the Glass-Steagall Act 1933-1999 would require financial institutions to break themselves up into the Commercial Banking, Investment Banking (speculation, derivatives), and Insurance Services. The Commercial Bank (checking, savings, business loans, etc.) would be under Federal Protection, FDIC. For example; Bank of America would become separate from Merrill Lynch; – Chase Bank separate from J.P. Morgan.
More: http://larouchepac.com/glass-steagall

Congressman John Campbell’s Systemic Risk Mitigation Act will “build a wall of private capital between the banking sector and the American taxpayer.” The problem is this: The 9 largest U.S. banks have 15 times the U.S. debt in derivative holdings. Campbell’s Act will not end “Too Big to Fail”. Only the Glass-Steagall Act will end TBTF.
“Bank of America, Goldman and Others’ Insanely Large Derivative Holdings Visualized [INFOGRAPHIC]”
http://www.huffingtonpost.com/2012/04/27/derivatives-market-visualized-9-biggest-banks-graphic_n_1441971.html