3.0.0
1181
2025-01-14T18:20:21Z
2025-01-14T18:24:07Z
Senate
S
S
2023-04-18
118
- ssbk00
Banking, Housing, and Urban Affairs Committee
Senate
Standing
  - Hearings By (full committee)
2023-05-04T16:51:35Z
  - Referred To
2023-04-18T18:40:33Z
- 2023-05-04
  - ssbk00
Banking, Housing, and Urban Affairs Committee
Senate
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Committee
- 2023-04-18
  - ssbk00
Banking, Housing, and Urban Affairs Committee
Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S1212-1213)
IntroReferral
- 2023-04-18
Introduced in Senate
IntroReferral
10000
9
Library of Congress
- R000122
Sen. Reed, Jack [D-RI]
John
Reed
D
RI
F.
N
- G000386
Sen. Grassley, Chuck [R-IA]
Chuck
Grassley
R
IA
2023-04-18
True
- W000805
Sen. Warner, Mark R. [D-VA]
Mark
Warner
D
VA
R.
2023-04-25
False
- M000639
Sen. Menendez, Robert [D-NJ]
Robert
Menendez
D
NJ
2023-05-10
False
- S001203
Sen. Smith, Tina [D-MN]
Tina
Smith
D
MN
2023-06-01
False
- T000464
Sen. Tester, Jon [D-MT]
Jon
Tester
D
MT
2023-06-01
False
Finance and Financial Sector
- Administrative law and regulatory procedures
2023-05-26T16:15:21Z
- Bank accounts, deposits, capital
2023-05-26T16:15:21Z
- Banking and financial institutions regulation
2023-05-26T16:15:21Z
- Civil actions and liability
2023-05-26T16:15:21Z
- Consumer affairs
2023-05-26T16:15:21Z
- Corporate finance and management
2023-05-26T16:15:21Z
- Federal Deposit Insurance Corporation (FDIC)
2023-05-26T16:15:21Z
- Financial crises and stabilization
2023-05-26T16:15:21Z
- Wages and earnings
2023-05-26T16:15:21Z
Finance and Financial Sector
2023-04-26T14:15:17Z
00
2023-04-18
Introduced in Senate
2023-11-08T17:41:28Z
Bank Management Accountability Act
This bill expands the ability of financial regulators to recover compensation from senior executives or directors at failed banks and financial institutions and to impose bans on their future participation at any financial company.
The bill authorizes the Federal Deposit Insurance Corporation (FDIC) to recover compensation paid to certain current or former senior executives or directors of an insured depository institution for which FDIC is a receiver or conservator.
If a current or former senior executive or director is substantially responsible for the failed condition of the insured depository institution, FDIC may recover any compensation received during the 2-year period prior to FDIC appointment as receiver or conservator of the insured depository institution, except for cases of fraud, where no time limit shall apply.
The bill also (1) prohibits liability insurance policies from covering such compensation, and (2) authorizes FDIC to prohibit any further participation by those individuals in the affairs of any financial company for not less than 2 years.
Finally, the bill expands the authority of the Board of Governors of the Federal Reserve System and the FDIC to ban senior executives at systemically important financial institutions in receivership from participating for 2 years in the affairs of any financial company. Specifically, the bill removes the requirement that, to be subject to such a ban, the violation must involve personal dishonesty or demonstrate willful or continuing disregard for the company's safety and soundness.

Bank Management Accountability Act
- Display Title
45

Bank Management Accountability Act
2024-07-24T15:22:40Z
- Short Title(s) as Introduced
101

Bank Management Accountability Act
2024-05-24T13:40:53Z
Introduced in Senate
IS
- Official Title as Introduced
6

A bill to amend the Federal Deposit Insurance Act to improve financial stability, and for other purposes.
2023-04-22T02:58:46Z
Introduced in Senate
IS
- Introduced in Senate
2023-04-18T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118s1181is/xml/BILLS-118s1181is.xml
2023-05-04
Committee on Banking, Housing, and Urban Affairs. Hearings held.
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.
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