Bill > HR9736

This bill, the Corporate Management Accountability Act of 2024, aims to ensure that irresponsible corporate executives, rather than shareholders, pay fines and penalties imposed on companies. It requires publicly traded companies to disclose whether they have established procedures to recoup compensation from named executive officers (top-level managers) to cover the cost of any significant fines or penalties paid by the company. If such procedures are in place, the company must describe them and report the amounts recouped from each executive over the past 3 years. If no such procedures exist, the company must explain why they are unnecessary for the benefit of shareholders.

Business and Industry

https://www.congress.gov/bill/118th-congress/house-bill/9736/all-info