[Congressional Record Volume 169, Number 107 (Tuesday, June 20, 2023)]
[House]
[Page H2991]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

           By Ms. WATERS:
       H.R. 4209.
       Congress has the power to enact this legislation pursuant 
     to the following:
       Article I, Section 8, clause 3 provides Congress with the 
     power to ``regulate commerce with foreign nations, and among 
     the several states, and with the Indian tribes.''
       The single subject of this legislation is:
       This bill would expand bank regulator authority to prohibit 
     stock sales of bank executives, when appropriate, when 
     issuing a cease-and-desist order to a bank for not complying 
     with the law, and automatically restricting such stock sales 
     by senior executives of large banks if it receives poor exam 
     ratings or does not resolve supervisory citations.