3.0.0 4208 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. WATERS:H.R. 4208.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, clause 3 provides Congress with thepower to ``regulate commerce with foreign nations, and amongthe several states, and with the Indian tribes.''The single subject of this legislation is:This bill would expand bank regulatory authority withrespect to clawing back compensation, imposing fines, andbanning future work in the industry for bank executives thatnegligently contribute to their bank's failure.[Page H2991]</pre> hsba00 Financial Services Committee House Standing Referred To 2023-06-20T16:01:45Z 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 W000187 Rep. Waters, Maxine [D-CA-43] MAXINE WATERS D CA 43 N V000081 Rep. Velazquez, Nydia M. [D-NY-7] NYDIA VELAZQUEZ D NY M. 7 2023-06-20 True S000344 Rep. Sherman, Brad [D-CA-32] BRAD SHERMAN D CA 32 2023-06-20 True S001157 Rep. Scott, David [D-GA-13] David Scott D GA 13 2023-06-20 True C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2023-06-20 True B001281 Rep. Beatty, Joyce [D-OH-3] Joyce Beatty D OH 3 2023-06-20 True V000130 Rep. Vargas, Juan [D-CA-52] Juan Vargas D CA 52 2023-06-20 True H001066 Rep. Horsford, Steven [D-NV-4] Steven Horsford D NV 4 2023-06-20 True T000481 Rep. Tlaib, Rashida [D-MI-12] Rashida Tlaib D MI 12 2023-06-20 True G000587 Rep. Garcia, Sylvia R. [D-TX-29] Sylvia Garcia D TX R. 29 2023-06-20 True G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2023-06-20 True Finance and Financial Sector Finance and Financial Sector 2023-07-31T14:30:23Z

00 2023-06-20 Introduced in House 2024-04-09T14:31:01Z <p><b>Failed Bank Executives Accountability and Consequences Act </b></p> <p>This bill allows the Federal Deposit Insurance Corporation (FDIC) to recover compensation from an executive officer or director of a failed financial company that is in receivership. Specifically, any current or former executive officer whose negligence caused financial loss to the company may have their compensation for the preceding two years clawed back by the FDIC. No time limit applies if the financial loss involves fraud. </p> <p>In addition, federal banking agencies are allowed to prohibit a party from participation in the affairs of any bank if that party negligently caused financial loss to a failed bank. </p> <p>The bill also establishes civil penalties for executive officers or directors who caused financial loss to a failed bank. </p>

Display Title 45 2024-07-24T15:21:22Z Short Title(s) as Introduced 101 2024-05-24T13:38:19Z Introduced in House IH Official Title as Introduced 6 2024-03-18T21:01:53Z Introduced in House IH Introduced in House 2023-06-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr4208ih/xml/BILLS-118hr4208ih.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.