Corporate Management Accountability Act of 2017
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Oct 3, 2017)
Corporate Management Accountability Act of 2017
This bill directs the Securities and Exchange Commission to issue final rules to require each reporting company (i.e., an issuer with registered securities and reporting requirements under the Securities Exchange Act of 1934) to disclose whether such company has established procedures to recoup from compensation paid to its executive officers fines and penalties for illegal behavior. If the reporting company has not established such procedures, it must explain why not having such procedures is necessary for the benefit of its shareholders.
What just happenedOct 3, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S6290)
Who’s behind it
- Introduced in SenateOct 3, 2017
- Oct 3, 2017IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S6290)
Banking, Housing, and Urban Affairs Committee - Oct 3, 2017IntroReferral10000
Introduced in Senate