HR 4207 · 118th Congress · Finance and Financial Sector

Stopping Bonuses for Unsafe and Unsound Banking Act

Introduced 2023-06-20· Sponsored by Rep. Pettersen, Brittany [D-CO-7]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2023-06-20)

Plain Language Summary

[AI summary unavailable — showing source text] Stopping Bonuses for Unsafe and Unsound Banking Act This bill prohibits large banking institutions from paying discretionary bonuses to senior executive officers while under a supervisory notice issued by a banking regulator. The bill provides exceptions for the time period before a remediation plan is due and while a remediation plan is being implemented.…

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