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Enacted in 1920 (46 U.S.C.A. Â§ 688) the Jones Act provides a remedy to sailors for injuries or death resulting from the Negligence of an owner, a master, or a fellow sailor of a vessel. The federal Jones Act defines the legal rights of seamen who are injured or killed in the course of maritime service.
Thus the Banking Act of 1933, now better known as the Glass-Steagall Act, was passed by the House of Representatives on May 23, 1933, and by the Senate on May 25, 1933. Glass himself believed the âmain purpose of the bill â¦ was to prevent the use of Federal Reserve banking facilities for stock gambling purposes.â