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

Available versions
Introduced (House)View official text

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Timeline

  1. Introduced in House

  2. Referred to the House Committee on Financial Services.

    House of Representatives

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