3.0.0 1912 2023-01-11T13:38:18Z 2023-01-11T13:38:18Z Senate S 2017-10-03 115 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2017-10-03T21:01:24Z 2017-10-03 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S6290) IntroReferral 2017-10-03 Introduced in Senate IntroReferral 10000 9 Library of Congress R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. N Commerce Administrative law and regulatory procedures Business records Civil actions and liability Corporate finance and management Securities Securities and Exchange Commission (SEC) Wages and earnings Commerce 00 2017-10-03 Introduced in Senate 2019-03-20T15:24:39Z Corporate Management Accountability Act of 2017

This bill directs the Securities and Exchange Commission to issue final rules to require each reporting company (i.e., an issuer with registered securities and reporting requirements under the Securities Exchange Act of 1934) to disclose whether such company has established procedures to recoup from compensation paid to its executive officers fines and penalties for illegal behavior. If the reporting company has not established such procedures, it must explain why not having such procedures is necessary for the benefit of its shareholders.

]]> Corporate Management Accountability Act of 2017 Display Title Corporate Management Accountability Act of 2017 Short Titles as Introduced Corporate Management Accountability Act of 2017 Official Title as Introduced A bill to ensure that irresponsible corporate executives, rather than shareholders, pay fines and penalties. Introduced in Senate 2017-10-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1912is/xml/BILLS-115s1912is.xml 2017-10-03 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S6290) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.