Pipeline · Bill → Law
Step 1
Introduced
Jun 22, 2023
Step 2
Referred
Banking, Housing, and Urban Affairs
Step 3
Committee
May 16, 2024
Step 4
Senate
Jun 22, 2023
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill establishes additional authorities for federal banking agencies and sets forth requirements for insured depository institutions with assets over a specified amount to address their safety and soundness. In the event of institutional failure, the bill establishes the authority to recover from a senior executive bonus compensation and profits from the sale of securities received during the 24-month period preceding the failure. Federal banking authorities also have the authority at an institution of any size to remove from office a senior executive in cases of gross negligence, breach of fiduciary duty, or failure to carry out specified responsibilities. The bill also requires depo...
Timeline · 6 actions
May 16, 2024
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Mar 7, 2024
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Dec 6, 2023
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Jun 22, 2023
Introduced in Senate
Jun 22, 2023
Committee on Banking, Housing, and Urban Affairs. Original measure reported to Senate by Senator Brown. Without written report.
Jun 22, 2023
Placed on Senate Legislative Calendar under General Orders. Calendar No. 115.