Question: The Gramm - Leach - Bliley Act was passed in 1 9 9 9 by the U . S . Congress to allow: financial institutions

The Gramm-Leach-Bliley Act was passed in 1999 by the U.S. Congress to allow:
financial institutions to offer full financial services, such as insurance and investment banking, as well as traditional commercial banking.
financial institutions to be sued by stockholders for off-balance sheet accounting errors.
savings and loans to compete with commercial banks in both the commercial banking arena and mortgage loans.
European banks to acquire U.S. financial institutions.
The Gramm-Leach-Bliley Act was passed in 1999 by the U.S. Congress

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