Wall Street Banker Accountability for Misconduct Act of 2019
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jul 23, 2019)
Wall Street Banker Accountability for Misconduct Act of 2019
This bill requires large bank holding companies and their subsidiaries to establish funds to pay their criminal and civil fines. Specified senior employees must annually contribute a portion of their salaries to these funds. If sufficient funds remain 10 years after the contribution, the contributing employees must be repaid. The bill provides for separate treatment of funds contributed by former employees.
What just happenedJul 23, 2019
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseJul 23, 2019
- Jul 23, 2019IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Jul 23, 2019IntroReferralIntro-H
Introduced in House
- Jul 23, 2019IntroReferral1000
Introduced in House