119th Congress Finance and Financial Sector
H.R. 7887: 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 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
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Other bills by Maxine Waters
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- 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.