118th Congress Finance and Financial Sector
H.R. 4207: Stopping Bonuses for Unsafe and Unsound Banking Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill prohibits large banking institutions from paying discretionary bonuses to senior executive officers while under a supervisory notice issued by a banking regulator. The bill provides exceptions for the time period before a remediation plan is due and while a remediation plan is being implemented.
Written by the Congressional Research Service, Library of Congress.
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Amendments
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Other bills by Brittany Pettersen
History
- Introduced in the House by Brittany Pettersen.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Financial Services.