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    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 165, Number 146 (Thursday, September 12, 2019)][House]From the Congressional Record Online through the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]By Ms. PORTER:H.R. 4320.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8[Page H7706]</pre>]]></constitutionalAuthorityStatementText>
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        <fullName>Rep. Porter, Katie [D-CA-45]</fullName>
        <firstName>Katie</firstName>
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        <state>CA</state>
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        <pubDate>2019-11-07T16:07:00Z</pubDate>
        <title>H.R. 4320, Corporate Management Accountability Act of 2019</title>
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        <description>As ordered reported by the House Committee on Financial Services on September 20, 2019</description>
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          <name>Administrative law and regulatory procedures</name>
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        <updateDate>2020-01-08T21:59:22Z</updateDate>
        <text><![CDATA[ <p><b>Corporate Management Accountability Act of 2019</b></p> <p>This bill directs the Securities and Exchange Commission to promulgate final rules requiring certain issuers of securities to disclose whether the issuer has established procedures to recoup from compensation paid to its executive officers fines and penalties for illegal behavior. If the issuer has not established such procedures, it must explain why such procedures are not necessary for the benefit of its shareholders.</p>]]></text>
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        <actionDate>2019-12-11</actionDate>
        <actionDesc>Reported to House</actionDesc>
        <updateDate>2020-01-14T20:49:49Z</updateDate>
        <text><![CDATA[ <p><b>Corporate Management Accountability Act of 2019</b></p> <p>This bill directs the Securities and Exchange Commission to promulgate final rules requiring certain issuers of securities to disclose whether the issuer has established procedures to recoup from compensation paid to its executive officers fines and penalties for illegal behavior. If the issuer has not established such procedures, it must explain why such procedures are not necessary for the benefit of its shareholders.</p>]]></text>
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    <title>Corporate Management Accountability Act of 2019</title>
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        <title>To ensure that irresponsible corporate executives, rather than shareholders, pay fines and penalties.</title>
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      <actionDate>2019-12-11</actionDate>
      <text>Placed on the Union Calendar, Calendar No. 268.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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