3.0.0 1010 2022-11-01T19:02:22Z 2022-11-05T19:27:58Z Senate S 2019-04-03 116 ssju00 Judiciary Committee Senate Standing Referred to 2019-04-03T18:02:29Z 2019-04-03 ssju00 Judiciary Committee Senate Read twice and referred to the Committee on the Judiciary. IntroReferral 2019-04-03 Introduced in Senate IntroReferral 10000 9 Library of Congress W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. N Crime and Law Enforcement Business ethics Civil actions and liability Corporate finance and management Criminal investigation, prosecution, interrogation Fraud offenses and financial crimes Right of privacy Crime and Law Enforcement 00 2019-04-03 Introduced in Senate 2020-08-31T13:55:19Z Corporate Executive Accountability Act

This bill makes it unlawful for an executive officer of a corporation that generates more than $1 billion in annual revenue to negligently permit or fail to prevent violations of federal or state law.

Specifically, such an executive officer is criminally liable for actions in which the corporation was (1) convicted or entered into a deferred or non-prosecution agreement for any crime; (2) found liable or entered into a settlement with a state or federal agency for the violation of any civil law if such a violation affects the health, safety, finances, or personal data of a certain population; or (3) convicted or found liable for a different criminal or civil violation that was committed while the corporation was acting under a judgment, agreement, or settlement.

Additionally, the bill establishes penalties for violations. For a first offense, a violator is subject to a fine, a prison term of up to one year, or both. For a second or subsequent offense, a violator is subject to a fine, a prison term of up to three years, or both.

]]> Corporate Executive Accountability Act Display Title Corporate Executive Accountability Act Short Title(s) as Introduced Corporate Executive Accountability Act Introduced in Senate IS Official Title as Introduced A bill to amend title 18, United States Code, to establish criminal liability for negligent executive officers of major corporations, and for other purposes. Introduced in Senate IS Introduced in Senate 2019-04-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s1010is/xml/BILLS-116s1010is.xml 2019-04-03 Read twice and referred to the Committee on the Judiciary. 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.