As governor, he overhauled the state's education system and served as chairman of the National Governors Association. In 1996, Clinton became the first Democrat since Franklin D. Roosevelt to be elected to a second full term. He passed welfare reform and the State Children's Health Insurance Program, as well as financial deregulation measures. During the last three years of Clinton's presidency, the Congressional Budget Office reported a budget surplus—the first such surplus since 1969. Bill Clinton negotiated the passage of the Balanced Budget Act of 1997 by the Republican Congress. In October 1997, he announced he was getting hearing aids, due to hearing loss attributed to his age, and his time spent as a musician in his youth. In 1999 he signed into law the Financial Services Modernization Act also known as the Gramm–Leach–Bliley Act, which repealed the part of the Glass–Steagall Act that had prohibited a bank from offering a full range of investment, commercial banking, and insurance services since its enactment in 1933.
n/a
n/a