S. 2145 · 117th Congress
Corporate Management Accountability Act of 2021
- Stage
- In committee
- Sponsor
- Jack Reed
- Introduced
- 2021-06-21
- Latest action
- 2022-04-26 · Committee on Banking, Housing, and Urban Affairs. Hearings held.
Summary
Corporate Management Accountability Act of 2021
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 it has not done so.