Due to a special event taking place in the U.S. Capitol on Thursday, September 18, there will be no tours of the U.S. Capitol that day until approximately noon. The Capitol Visitor Center will remain open during this time, and guided tours in the Capitol Visitor Center will be available.

Beginnings of Reform 1912-1913

After the phenomenal industrial growth of the late 1800s, reformers feared that unregulated big business would use its influence for private gain at the expense of public good.

The House, responding to these concerns, established a special investigation panel, headed by Representative Arsene Pujo of Louisiana. It summoned captains of industry and top investment bankers (the so-called Money Trust), parading them before the committee and the press. The hearings exposed corrupt ties between banks and dozens of railroads, manufacturers, and utilities. These findings provided momentum for Congress to pass much-needed reforms, including the Federal Reserve Bank Act of 1913, which created a federally regulated banking system.