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    <number>7887</number>
    <updateDate>2026-04-06T15:49:23Z</updateDate>
    <updateDateIncludingText>2026-04-06T15:49:23Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2026-03-09</introducedDate>
    <congress>119</congress>
    <legislationUrl>https://www.congress.gov/bill/119th-congress/house-bill/7887</legislationUrl>
    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 172, Number 43 (Monday, March 9, 2026)][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. 7887.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, cl. 1, To pay debts and provide forthe common Defense and General Welfare of the United States.Article I, Section 8 cl. 3, To regulate Commerce withForeign Nations, Among the Several States, and with theIndian Tribes.Article I, Section 8, cl. 18, To make all laws which shallbe necessary and proper for carrying into Execution thepowers enumerated under section 8 and all other Powers vestedby the Constitution in the Government of the United States,or in any Department or Officer thereof.[Page H2477]</pre>]]></constitutionalAuthorityStatementText>
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        <name>Financial Services Committee</name>
        <chamber>House</chamber>
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        <actionDate>2026-03-09</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
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            <name>Financial Services Committee</name>
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    <sponsors>
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        <bioguideId>W000187</bioguideId>
        <fullName>Rep. Waters, Maxine [D-CA-43]</fullName>
        <firstName>Maxine</firstName>
        <lastName>Waters</lastName>
        <party>D</party>
        <state>CA</state>
        <district>43</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <policyArea>
      <name>Finance and Financial Sector</name>
    </policyArea>
    <subjects>
      <legislativeSubjects/>
      <policyArea>
        <name>Finance and Financial Sector</name>
        <updateDate>2026-04-03T21:07:54Z</updateDate>
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        <actionDate>2026-03-09</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2026-04-06T15:45:09Z</updateDate>
        <text><![CDATA[<p><strong>Incentivizing Safe and Sound Banking Act </strong></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 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>]]></text>
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    <title>Incentivizing Safe and Sound Banking Act</title>
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        <titleType>Display Title</titleType>
        <titleTypeCode>45</titleTypeCode>
        <title>Incentivizing Safe and Sound Banking Act</title>
        <updateDate>2026-04-02T05:38:27Z</updateDate>
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        <titleType>Short Title(s) as Introduced</titleType>
        <titleTypeCode>101</titleTypeCode>
        <title>Incentivizing Safe and Sound Banking Act</title>
        <updateDate>2026-04-02T05:38:26Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
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      <item>
        <titleType>Official Title as Introduced</titleType>
        <titleTypeCode>6</titleTypeCode>
        <title>To prohibit stock sales by senior bank executives in certain circumstances.</title>
        <updateDate>2026-04-02T05:33:35Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
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        <type>Introduced in House</type>
        <date>2026-03-09T04:00:00Z</date>
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    <latestAction>
      <actionDate>2026-03-09</actionDate>
      <text>Referred to the House Committee on Financial Services.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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