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HR 4209 118th Congress House Finance and Financial Sector

Incentivizing Safe and Sound Banking Act

Introduced: June 20, 2023 Introduced by: Waters, Maxine Democratic · California See on congress.gov
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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 20, 2023
Referred to the House Committee on Financial Services.
Jun 20, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

Incentivizing Safe and Sound Banking Act

This bill allows the Federal Deposit Insurance Corporation to, during cease-and-desist proceedings for unsafe or unsound practices in an institution, prohibit the sale of stock in a bank or holding company by an officer or director of the bank or any bank-affiliated party who received stock as compensation. Further, the bill automatically prohibits the sale of such stocks by senior executive officers or affiliated parties at large banks if the bank receives a certain risk management rating or if the bank is under an unresolved supervisory notice issued by a banking regulator.

What's happening now June 20, 2023

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 8
All 8 Democratic 8
D
Beatty, Joyce
Ohio · Jun 20, 2023
 D
Cleaver, Emanuel
Missouri · Jun 20, 2023
 D
Garcia, Sylvia R.
Texas · Jun 20, 2023
 D
Green, Al
Texas · Jun 20, 2023
 D
Horsford, Steven
Nevada · Jun 20, 2023
 D
Sherman, Brad
California · Jun 20, 2023
 D
Tlaib, Rashida
Michigan · Jun 20, 2023
 D
Velázquez, Nydia M.
New York · Jun 20, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4209: Incentivizing Safe and Sound Banking Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-4209/
MLA
"H.R. 4209: Incentivizing Safe and Sound Banking Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-4209/.
Bluebook (legal)
H.R. 4209, 118th Cong. (2026), https://openamerica.io/bill/118-HR-4209/.
Markdown link
[H.R. 4209: Incentivizing Safe and Sound Banking Act](https://openamerica.io/bill/118-HR-4209/)
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