THEN: As chair of the Senate Banking Committee from 1999 to 2001, he steered the deregulation bill that allowed investment and commercial banks to merge.
NOW: The Dodd-Frank Act undid some of the Gramm-Leach-Bliley Act’s bank deregulation, which undid the Glass-Steagall Act’s bank regulation. Gramm is a visiting scholar at the American Enterprise Institute.