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H.R. 4084 118th Congress House

FAIR Fund Act of 2023

Official title: To defer part of the compensation of senior employees of large financial institutions (and their subsidiaries), to use such deferred amounts to pay any civil o… Show full official titleShow less

Official title: To defer part of the compensation of senior employees of large financial institutions (and their subsidiaries), to use such deferred amounts to pay any civil or criminal fines that may be levied on the institution (or subsidiary), and for other purposes.

Introduced: June 13, 2023 Introduced by: Rashida Tlaib Democratic · Michigan See on congress.gov
Finance and Financial Sector
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Jun 13, 2023
Referred to the House Committee on Financial Services.
Jun 13, 2023
Introduced in House
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 Latest action June 13, 2023

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Fostering Accountability In Remuneration Fund Act of 2023 or the FAIR Fund Act of 2023

This bill requires large financial institutions to defer part of senior employees' compensation and deposit the deferred compensation in a fund established by the institution. This fund must be used to pay civil or criminal fines levied against the institution or, if the institution is a bank or credit union, to make depositors whole in the event of a failure. If sufficient funds exist at the end of a specified period of time, senior employees must receive their deferred compensation.

 Related & companion bills 1
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4084: FAIR Fund Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-4084/
MLA
"H.R. 4084: FAIR Fund Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-4084/.
Bluebook (legal)
H.R. 4084, 118th Cong. (2026), https://openamerica.io/bill/118-HR-4084/.
Markdown link
[H.R. 4084: FAIR Fund Act of 2023](https://openamerica.io/bill/118-HR-4084/)
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