118th Congress · HOUSE BILLBILL

H.R. 4207 — Stopping Bonuses for Unsafe and Unsound Banking Act

“To prohibit a large banking institution from paying discretionary bonus payments when the institution is subject to a Matter Requiring Immediate Attention and does not provide the appropriate Federal banking agency with a remediation plan to correct the matter, and for other purposes.”

Finance and financial sector

Introduced Jun 20, 2023

Last action Jun 20, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jun 20, 2023

Step 2

Referred

Jun 20, 2023

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Jun 20, 2023

Introduced in House

Jun 20, 2023

Referred to the House Committee on Financial Services.