Stopping Bonuses for Unsafe and Unsound Banking Act

This bill, titled the "Stopping Bonuses for Unsafe and Unsound Banking Act," aims to restrict discretionary bonus payments by large banking institutions under specific supervisory conditions. It prohibits a covered banking institution from making any discretionary bonus payment to a senior executive officer if it receives a "Matter Requiring Immediate Attention" (or similar supervisory notice) from an appropriate Federal banking agency. This prohibition continues until the matter is resolved to the agency's satisfaction. However, an exception is provided if the institution submits a remediation plan to correct the matter, and this plan is accepted by the Federal banking agency within a specified deadline. A covered banking institution is defined as a bank holding company or a bank with more than $50,000,000,000 in consolidated assets .