Wall Street Banker Accountability for Misconduct Act of 2019
United States116th CongressHR-3885House of Representatives
Updated: Jul 23, 2019
Summary
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.
Bill texts
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
House of Representatives
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