S 1912
115th Congress
Senate
Commerce
Administrative law and regulatory procedures
Business records
Civil actions and liability
Corporate finance and management
Securities
Securities and Exchange Commission (SEC)
Wages and earnings
Corporate Management Accountability Act of 2017
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 3, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S6290)
Oct 3, 2017
Introduced in Senate
Plain-English summary
Corporate Management Accountability Act of 2017
This bill directs the Securities and Exchange Commission to issue final rules to require each reporting company (i.e., an issuer with registered securities and reporting requirements under the Securities Exchange Act of 1934) to disclose whether such company has established procedures to recoup from compensation paid to its executive officers fines and penalties for illegal behavior. If the reporting company has not established such procedures, it must explain why not having such procedures is necessary for the benefit of its shareholders.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S6290)
Committees of jurisdiction
1