Stopping Bonuses for Unsafe and Unsound Banking Act

United States118th CongressHR-4207House of Representatives
Updated: Jun 20, 2023

Summary

Stopping Bonuses for Unsafe and Unsound Banking Act This bill prohibits large banking institutions from paying discretionary bonuses to senior executive officers while under a supervisory notice issued by a banking regulator. The bill provides exceptions for the time period before a remediation plan is due and while a remediation plan is being implemented.

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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