[Congressional Record Volume 172, Number 107 (Thursday, June 25, 2026)]
[House]
[Page H4251]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                     PROMOTING FINANCIAL STABILITY

  (Ms. TLAIB asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Ms. TLAIB. Mr. Speaker, after the 2008 financial crisis, Congress 
tasked our financial regulators with implementing a rule that bans 
compensation packages for bank executives that incentivize 
inappropriate risk-taking.
  But more than a decade later, a decade and a half later, we are still 
waiting for this rule to be finalized.
  As the 2023 banking failure demonstrates--we just had one in 2023--
improper incentives continue to pose a threat to our financial system.
  That is why I am proud to be able to introduce the Fostering 
Accountability in Remuneration Fund Act. It requires large financial 
institutions to set aside a portion of executive compensation to be 
paid out, absent misconduct or firm failure, after a period of between 
2 to 8 years depending on the size of the institution.
  In the case of misconduct or failure, deferred funds would be used to 
be cover the costs of any fines levied on the bank and to make 
depositors whole. This is important because the American people are 
tired of bailing out folks who commit fraud and misconduct.
  I urge my colleagues to promote financial stability for our residents 
and support this bill.

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