S 1885
116th Congress
Senate
Finance and Financial Sector
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 2019
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 18, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S3658)
Jun 18, 2019
Introduced in Senate
Plain-English summary
Corporate Management Accountability Act of 2019
This bill directs the Securities and Exchange Commission to promulgate final rules requiring certain issuers of securities to disclose whether the issuer has established procedures to recoup from compensation paid to its executive officers fines and penalties for illegal behavior. If the issuer has not established such procedures, it must explain why such procedures are not 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 S3658)
Committees of jurisdiction
1