Alabama's 3rd congressional district in the context of "1933 Banking Act"

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⭐ Core Definition: Alabama's 3rd congressional district

32°57′45.31″N 85°36′59.24″W / 32.9625861°N 85.6164556°W / 32.9625861; -85.6164556

Alabama's 3rd congressional district is a United States congressional district in Alabama that elects a representative to the United States House of Representatives. It is based in east-central Alabama and encompasses all of Calhoun, Chambers, Cherokee, Clay, Cleburne, Etowah, Lee, Randolph, St. Clair, and most of Talladega county. Cities in the district include Auburn, Phenix City, Gadsden, and Talladega. Prior to the most recent redistricting cycle, the 3rd district had included parts of the state capital city of Montgomery in Montgomery County.

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👉 Alabama's 3rd congressional district in the context of 1933 Banking Act

The Banking Act of 1933 (Pub. L. 73–66, 48 Stat. 162, enacted June 16, 1933) was a statute enacted by the United States Congress that established the Federal Deposit Insurance Corporation (FDIC) and imposed various other banking reforms. The entire law is often referred to as the Glass–Steagall Act, after its Congressional sponsors, Senator Carter Glass (D) of Virginia, and Representative Henry B. Steagall (D) of Alabama. The term "Glass–Steagall Act", however, is most often used to refer to four provisions of the Banking Act of 1933 that limited commercial bank securities activities and affiliations between commercial banks and securities firms. That limited meaning of the term is described in the article on Glass–Steagall Legislation.

The Banking Act of 1933 (the 1933 Banking Act) joined two long-standing Congressional projects:

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⭐ Core Definition: Alabama's 3rd congressional district
👉 Alabama's 3rd congressional district in the context of 1933 Banking Act