Republican 2016 platform calls for reinstating 1933 banking lawCLEVELAND (Reuters) - The U.S. Republican Party on Monday approved a new policy platform that calls for reinstating the 1933 Glass-Steagall law requiring the separation of commercial and investment banking, an addition White House hopeful Donald Trump’s campaign said it backed. Trump, who will formally accept the Republican presidential nomination in Cleveland this week, has vowed to dismantle most of the Dodd-Frank Wall Street reform law that was passed under President Barack Obama following the 2007-2009 financial crisis. The language in the Republican platform offered further details on Trump’s regulatory policies. Trump, who has sought to cast himself as a populist, has accused presumptive Democratic presidential nominee Hillary Clinton of being too close to Wall Street. Her husband, former President Bill Clinton, signed the legislation that repealed Glass-Steagall in 1999. “The Obama-Clinton years have passed legislation that has been favorable to the big banks, which is why you see all the Wall Street money going to her,” Paul Manafort, Trump’s campaign manager, told reporters on Monday. “They know she’s their champion, and they are supporting her fully.” Some U.S. lawmakers in both parties support a modern Glass-Steagall to keep banks from becoming “too big to fail,” or so big their collapse would destabilize the financial system. The Democratic Party’s 2016 platform, which has not been approved, calls for an updated version.  Republicans universally despise Dodd-Frank, which their platform calls “Democrats’ legislative Godzilla.” But senior congressional Republicans back other alternatives. “Glass-Steagall is dumb politics and dumb economics,” said Tony Fratto, who worked in the administration of Republican President George W. Bush. “Returning to Glass-Steagall would be destructive and unworkable.” Clinton has said she would break up banks based on risk, not size, and frequently focuses on the risks posed by non-bank institutions. Manafort listed the Glass-Steagall language among platform points he said “reflect the issues that Mr. Trump has raised during the course of the campaign,” including building a wall at the border with Mexico and calling for tougher trade deals. The platform also calls for control of national parks and other lands to be handed over to states, an effort by the party’s conservative wing that got national attention during a 2014 standoff involving a Nevada cattle rancher. politicsNews
republican platform calls reinstating banking lawcleveland reuters the republican party monday approved new policy platform calls reinstating law requiring separation commercial investment banking addition white house hopeful donald trump campaign said backed trump formally accept republican presidential nomination cleveland week vowed dismantle wall street reform law passed president barack obama following financial crisis the language republican platform offered details trump regulatory policies trump sought cast populist accused presumptive democratic presidential nominee hillary clinton close wall street her husband former president bill clinton signed legislation repealed the years passed legislation favorable big banks see wall street money going paul manafort trump campaign manager told reporters monday they know champion supporting some lawmakers parties support modern keep banks becoming big fail big collapse would stabilize financial system the democratic party platform approved calls updated version republicans universally despise platform calls democrats legislative but senior congressional republicans back alternatives dumb politics dumb economics said tony ratio worked administration republican president george bush returning would destructive clinton said would break banks based risk size frequently focuses risks posed institutions manafort listed language among platform points said reflect issues trump raised course campaign including building wall border mexico calling tougher trade deals the platform also calls control national parks lands handed states effort party conservative wing got national attention standoff involving nevada cattle rancher politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Republican 2016 platform calls for reinstating 1933 banking lawCLEVELAND (Reuters) - The U.S. Republican Party on Monday approved a new policy platform that calls for reinstating the 1933 Glass-Steagall law requiring the separation of commercial and investment banking, an addition White House hopeful Donald Trump’s campaign said it backed. Trump, who will formally accept the Republican presidential nomination in Cleveland this week, has vowed to dismantle most of the Dodd-Frank Wall Street reform law that was passed under President Barack Obama following the 2007-2009 financial crisis. The language in the Republican platform offered further details on Trump’s regulatory policies. Trump, who has sought to cast himself as a populist, has accused presumptive Democratic presidential nominee Hillary Clinton of being too close to Wall Street. Her husband, former President Bill Clinton, signed the legislation that repealed Glass-Steagall in 1999. “The Obama-Clinton years have passed legislation that has been favorable to the big banks, which is why you see all the Wall Street money going to her,” Paul Manafort, Trump’s campaign manager, told reporters on Monday. “They know she’s their champion, and they are supporting her fully.” Some U.S. lawmakers in both parties support a modern Glass-Steagall to keep banks from becoming “too big to fail,” or so big their collapse would destabilize the financial system. The Democratic Party’s 2016 platform, which has not been approved, calls for an updated version.  Republicans universally despise Dodd-Frank, which their platform calls “Democrats’ legislative Godzilla.” But senior congressional Republicans back other alternatives. “Glass-Steagall is dumb politics and dumb economics,” said Tony Fratto, who worked in the administration of Republican President George W. Bush. “Returning to Glass-Steagall would be destructive and unworkable.” Clinton has said she would break up banks based on risk, not size, and frequently focuses on the risks posed by non-bank institutions. Manafort listed the Glass-Steagall language among platform points he said “reflect the issues that Mr. Trump has raised during the course of the campaign,” including building a wall at the border with Mexico and calling for tougher trade deals. The platform also calls for control of national parks and other lands to be handed over to states, an effort by the party’s conservative wing that got national attention during a 2014 standoff involving a Nevada cattle rancher. politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: republican platform calls reinstating banking lawcleveland reuters the republican party monday approved new policy platform calls reinstating law requiring separation commercial investment banking addition white house hopeful donald trump campaign said backed trump formally accept republican presidential nomination cleveland week vowed dismantle wall street reform law passed president barack obama following financial crisis the language republican platform offered details trump regulatory policies trump sought cast populist accused presumptive democratic presidential nominee hillary clinton close wall street her husband former president bill clinton signed legislation repealed the years passed legislation favorable big banks see wall street money going paul manafort trump campaign manager told reporters monday they know champion supporting some lawmakers parties support modern keep banks becoming big fail big collapse would stabilize financial system the democratic party platform approved calls updated version republicans universally despise platform calls democrats legislative but senior congressional republicans back alternatives dumb politics dumb economics said tony ratio worked administration republican president george bush returning would destructive clinton said would break banks based risk size frequently focuses risks posed institutions manafort listed language among platform points said reflect issues trump raised course campaign including building wall border mexico calling tougher trade deals the platform also calls control national parks lands handed states effort party conservative wing got national attention standoff involving nevada cattle rancher politicsnews