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S. 1912 115th Congress Senate

Corporate Management Accountability Act of 2017

Official title: A bill to ensure that irresponsible corporate executives, rather than shareholders, pay fines and penalties.

Introduced: October 3, 2017 Introduced by: Jack Reed Democratic · Rhode Island See on congress.gov
Commerce Administrative law and regulatory proceduresBusiness recordsCivil actions and liabilityCorporate finance and management
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SecuritiesSecurities and Exchange Commission (SEC)Wages and earnings
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action October 3, 2017

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S6290)

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 1912: Corporate Management Accountability Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-S-1912/
MLA
"S. 1912: Corporate Management Accountability Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-1912/.
Bluebook (legal)
S. 1912, 115th Cong. (2026), https://openamerica.io/bill/115-S-1912/.
Markdown link
[S. 1912: Corporate Management Accountability Act of 2017](https://openamerica.io/bill/115-S-1912/)
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