Corporate Management Accountability Act of 2019

United States116th CongressHR-4320House of Representatives
Latest legislative activity: Dec 11, 2019

Summary

Official Summary

Corporate Management Accountability Act of 2019

This bill directs the Securities and Exchange Commission to promulgate final rules requiring certain issuers of securities to disclose whether the issuer has established procedures to recoup from compensation paid to its executive officers fines and penalties for illegal behavior. If the issuer has not established such procedures, it must explain why such procedures are not necessary for the benefit of its shareholders.

Bill texts

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Timeline

Latest companion bill action

S-1885: Corporate Management Accountability Act of 2019

Introduced in Senate

  1. Committee Consideration and Mark-up Session Held.

    House of Representatives

  2. Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 22.

    House of Representatives

  3. Placed on the Union Calendar, Calendar No. 268.

    House of Representatives

  4. Reported (Amended) by the Committee on Financial Services. H. Rept. 116-337.

    House of Representatives