HR 4207
118th Congress
House
Finance and Financial Sector
Stopping Bonuses for Unsafe and Unsound Banking Act
Introduced: June 20, 2023
Introduced by:
Pettersen, Brittany
Democratic
· Colorado
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 20, 2023
Referred to the House Committee on Financial Services.
Jun 20, 2023
Introduced in House
Plain-English summary
Stopping Bonuses for Unsafe and Unsound Banking Act
This bill prohibits large banking institutions from paying discretionary bonuses to senior executive officers while under a supervisory notice issued by a banking regulator. The bill provides exceptions for the time period before a remediation plan is due and while a remediation plan is being implemented.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1