It is proposed by Senator Phil Gramm, Chairman of the Senate committee of Banking, Housing and Urban Affairs to promote greater competition in banking, securities and insurance.

• 它是由参议院银行房屋及城市事务小组的主席格兰姆参议员提出，立曲参议员附议。它的本意是要增加在银行业、证券业、保险业的竞争。