3.0.0 3885 2022-11-01T13:50:28Z 2022-11-01T13:50:28Z House HR 2019-07-23 116 [Congressional Record Volume 165, Number 124 (Tuesday, July 23, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. GABBARD:H.R. 3885.Congress has the power to enact this legislation pursuantto the following:The U.S. Constitution including Article 1, Section 8.[Page H7242]]]> hsba00 Financial Services Committee House Standing Referred to 2019-07-23T16:00:16Z 2019-07-23 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2019-07-23 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-07-23 Introduced in House IntroReferral 1000 9 Library of Congress G000571 Rep. Gabbard, Tulsi [D-HI-2] Tulsi Gabbard D HI 2 N Finance and Financial Sector Banking and financial institutions regulation Civil actions and liability Corporate finance and management Employee benefits and pensions Fraud offenses and financial crimes Wages and earnings Finance and Financial Sector 00 2019-07-23 Introduced in House 2020-06-10T17:55:28Z Wall Street Banker Accountability for Misconduct Act of 2019

This bill 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.

]]> Wall Street Banker Accountability for Misconduct Act of 2019 Display Title Wall Street Banker Accountability for Misconduct Act of 2019 Official Title as Introduced To amend the Bank Holding Company Act of 1956 to defer part of the compensation of senior employees of large bank holding companies (and their subsidiaries) for 10 years, to use such deferred amounts to pay any civil or criminal fines that may be levied on the bank holding company (or subsidiary), and for other purposes. Introduced in House IH Short Title(s) as Introduced Wall Street Banker Accountability for Misconduct Act of 2019 Introduced in House IH Introduced in House 2019-07-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr3885ih/xml/BILLS-116hr3885ih.xml 2019-07-23 Referred to the House Committee on Financial Services. 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.