US HB4208 | 2023-2024 | 118th Congress
Status
Spectrum: Partisan Bill (Democrat 11-0)
Status: Introduced on June 20 2023 - 25% progression
Action: 2023-06-20 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 20 2023 - 25% progression
Action: 2023-06-20 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
To provide Federal financial regulators with clawback authority over executive compensation and additional industry prohibition and civil money penalty authority with respect to executives whose negligence caused financial loss to the applicable financial institution, and for other purposes.
Title
Failed Bank Executives Accountability and Consequences Act
Sponsors
| Rep. Maxine Waters [D-CA] | Rep. Nydia Velazquez [D-NY] | Rep. Brad Sherman [D-CA] | Rep. David Scott [D-GA] |
| Rep. Emanuel Cleaver [D-MO] | Rep. Joyce Beatty [D-OH] | Rep. Juan Vargas [D-CA] | Rep. Steven Horsford [D-NV] |
| Rep. Rashida Tlaib [D-MI] | Rep. Sylvia Garcia [D-TX] | Rep. Al Green [D-TX] |
History
| Date | Chamber | Action |
|---|---|---|
| 2023-06-20 | House | Referred to the House Committee on Financial Services. |
| 2023-06-20 | House | Introduced in House |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/118th-congress/house-bill/4208/all-info |
| Text | https://www.congress.gov/118/bills/hr4208/BILLS-118hr4208ih.pdf |
