H.R. 4207 · 118th Congress
Stopping Bonuses for Unsafe and Unsound Banking Act
- Stage
- In committee
- Sponsor
- Brittany Pettersen
- Introduced
- 2023-06-20
- Latest action
- 2023-06-20 · Introduced in House
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.