summary
Introduced
12/15/2025
12/15/2025
In Committee
12/15/2025
12/15/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A BILL To prohibit a large banking institution from paying discretionary bonus payments when the institution is subject to a Matter Requiring Immediate Attention and does not provide the appropriate Federal banking agency with a remediation plan to correct the matter, and for other purposes.
AI Summary
This bill, titled the "Stopping Bonuses for Unsafe and Unsound Banking Act," prohibits large banking institutions, defined as those with over $50 billion in consolidated assets, from paying discretionary bonuses to their senior executive officers if the institution is issued a "matter requiring immediate attention" (MRIA) by a federal banking agency, which is a supervisory notice indicating serious issues. However, this prohibition does not apply if the institution submits an acceptable plan to correct the identified problems to the federal banking agency by a set deadline and remains in compliance throughout the plan's implementation period.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Financial Services. (on 12/15/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/house-bill/6705/all-info |
| BillText | https://www.congress.gov/119/bills/hr6705/BILLS-119hr6705ih.pdf |
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