3.0.0 4209 2025-05-27T14:16:16Z 2025-05-27T14:16:16Z 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. 4209.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 regulator authority to prohibitstock sales of bank executives, when appropriate, whenissuing a cease-and-desist order to a bank for not complyingwith the law, and automatically restricting such stock salesby senior executives of large banks if it receives poor examratings or does not resolve supervisory citations.[Page H2991]</pre> hsba00 Financial Services Committee House Standing Referred To 2023-06-20T16:01:35Z 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 G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 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 G000587 Rep. Garcia, Sylvia R. [D-TX-29] Sylvia Garcia D TX R. 29 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 Finance and Financial Sector Finance and Financial Sector 2023-07-31T14:30:23Z

00 2023-06-20 Introduced in House 2024-04-03T12:59:22Z <p><b>Incentivizing Safe and Sound Banking Act </b></p> <p>This bill allows the Federal Deposit Insurance Corporation to, during cease-and-desist proceedings for unsafe or unsound practices in an institution, prohibit the sale of stock in a bank or holding company by an officer or director of the bank or any bank-affiliated party who received stock as compensation. Further, the bill automatically prohibits the sale of such stocks by senior executive officers or affiliated parties at large banks if the bank receives a certain risk management rating or if the bank is under an unresolved supervisory notice issued by a banking regulator. </p>

Display Title 45 2024-07-24T15:21:22Z Short Title(s) as Introduced 101 2024-05-24T13:38:20Z Introduced in House IH Official Title as Introduced 6 2024-03-18T21:01:57Z Introduced in House IH Introduced in House 2023-06-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr4209ih/xml/BILLS-118hr4209ih.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.