For instance, in late 1999, he signed the Gramm-Leach-Bliley Act that repealed parts of the Glass-Steagall Act, prohibiting commercial banks from getting into the investment business.

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Today, the boss is personally liable--and at risk of jail time--if there's a breach of a key regulation such as the Gramm-Leach-Bliley Act.

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Not the people who later merged the financial equivalent of cats and dogs and pushed the Gramm-Leach-Bliley Act into law.

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The authors of the Gramm-Leach-Bliley Act granted this right in a subsection.

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