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Wall Street Banker Accountability for Misconduct Act of 2019

USA116th CongressHR-3885| House 
| Updated: 7/23/2019
Tulsi Gabbard

Tulsi Gabbard

Democratic Representative

Hawaii

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Jul 23, 2019
Introduced in House
Jul 23, 2019
Referred to the House Committee on Financial Services.
  • July 23, 2019
    Introduced in House


  • July 23, 2019
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Banking and financial institutions regulationCivil actions and liabilityCorporate finance and managementEmployee benefits and pensionsFraud offenses and financial crimesWages and earnings

Wall Street Banker Accountability for Misconduct Act of 2019

USA116th CongressHR-3885| House 
| Updated: 7/23/2019
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 23, 2019
Introduced in House
Jul 23, 2019
Referred to the House Committee on Financial Services.
  • July 23, 2019
    Introduced in House


  • July 23, 2019
    Referred to the House Committee on Financial Services.
Tulsi Gabbard

Tulsi Gabbard

Democratic Representative

Hawaii

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Banking and financial institutions regulationCivil actions and liabilityCorporate finance and managementEmployee benefits and pensionsFraud offenses and financial crimesWages and earnings