US HB3885 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on July 23 2019 - 25% progression, died in committee
Action: 2019-07-23 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 23 2019 - 25% progression, died in committee
Action: 2019-07-23 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requires large bank holding companies and their subsidiaries to establish funds to pay their criminal and civil fines. Specified senior employees must annually contribute a portion of their salaries to these funds. If sufficient funds remain 10 years after the contribution, the contributing employees must be repaid. The bill provides for separate treatment of funds contributed by former employees.
Title
Wall Street Banker Accountability for Misconduct Act of 2019
Sponsors
| Rep. Tulsi Gabbard [D-HI] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-07-23 | House | Referred to the House Committee on Financial Services. |
| 2019-07-23 | House | Introduced in House |
Subjects
Banking and financial institutions regulation
Civil actions and liability
Corporate finance and management
Employee benefits and pensions
Finance and financial sector
Fraud offenses and financial crimes
Wages and earnings
Civil actions and liability
Corporate finance and management
Employee benefits and pensions
Finance and financial sector
Fraud offenses and financial crimes
Wages and earnings
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/3885/all-info |
| Text | https://www.congress.gov/116/bills/hr3885/BILLS-116hr3885ih.pdf |
