118th Congress Finance and Financial Sector
H.R. 4209: Incentivizing Safe and Sound 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 allows the Federal Deposit Insurance Corporation to, during cease-and-desist proceedings for unsafe or unsound practices in an institution, prohibit the sale of stock in a bank or holding company by an officer or director of the bank or any bank-affiliated party who received stock as compensation. Further, the bill automatically prohibits the sale of such stocks by senior executive officers or affiliated parties at large banks if the bank receives a certain risk management rating or if the bank is under an unresolved supervisory notice issued by a banking regulator.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Joyce Beatty D-OHOriginal
- Emanuel Cleaver D-MOOriginal
- Al Green D-TXOriginal
- Sylvia Garcia D-TXOriginal
- Steven Horsford D-NVOriginal
- Brad Sherman D-CAOriginal
- Rashida Tlaib D-MIOriginal
- Nydia Velázquez D-NYOriginal
Who scored on this bill
No member has earned points from it yet.
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Maxine Waters
- H.R. 10325: To increase the mandatory contribution amount of Federal Home Loan Banks to the Affordable Housing Program, and for other purposes.
- H.R. 4544: American Access to Banking Act
- H.R. 1764: Aligning SEC Regulations for the World Bank’s International Development Association Act
- H.R. 3422: Promoting Opportunities for Non-Traditional Capital Formation Act
- H.R. 5523: Financial Access Improvements Act
- H.R. 7462: Wildfire Insurance Coverage Study Act of 2024
History
- Introduced in the House by Maxine Waters.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Financial Services.