HR 3885 · 116th Congress · Finance and Financial Sector

Wall Street Banker Accountability for Misconduct Act of 2019

Introduced 2019-07-23· Sponsored by Rep. Gabbard, Tulsi [D-HI-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2019-07-23)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only