Stopping Bonuses for Unsafe and Unsound Banking Act

3.0.0 4207 2025-05-27T14:11:27Z 2025-05-27T14:11:27Z House H HR 2023-06-20 118 <pre>[Congressional Record Volume 169, Number 107 (Tuesday, June 20, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Ms. PETTERSEN:H.R. 4207.Congress has the power to enact this legislation pursuantto the following:Clause 18 of Section 8 of Article 1The single subject of this legislation is:Banking[Page H2991]</pre> hsba00 Financial Services Committee House Standing Referred To 2023-06-20T16:03:45Z 2023-06-20 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2023-06-20 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-06-20 Introduced in House IntroReferral 1000 9 Library of Congress P000620 Rep. Pettersen, Brittany [D-CO-7] Brittany Pettersen D CO 7 N Finance and Financial Sector Finance and Financial Sector 2023-07-31T14:30:23Z

00 2023-06-20 Introduced in House 2024-03-20T18:41:11Z Stopping Bonuses for Unsafe and Unsound Banking Act This bill prohibits large banking institutions from paying discretionary bonuses to senior executive officers while under a supervisory notice issued by a banking regulator. The bill provides exceptions for the time period before a remediation plan is due and while a remediation plan is being implemented.

Stopping Bonuses for Unsafe and Unsound Banking Act Display Title 45 Stopping Bonuses for Unsafe and Unsound Banking Act 2024-07-24T15:21:22Z Short Title(s) as Introduced 101 Stopping Bonuses for Unsafe and Unsound Banking Act 2024-05-24T13:38:20Z Introduced in House IH Official Title as Introduced 6 To prohibit a large banking institution from paying discretionary bonus payments when the institution is subject to a Matter Requiring Immediate Attention and does not provide the appropriate Federal banking agency with a remediation plan to correct the matter, and for other purposes. 2024-03-18T21:01:52Z Introduced in House IH Introduced in House 2023-06-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr4207ih/xml/BILLS-118hr4207ih.xml 2023-06-20 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.