Incentivizing Safe and Sound Banking Act

Incentivizing Safe and Sound Banking Act This bill allows the Federal Deposit Insurance Corporation to, during cease-and-desist proceedings for unsafe or unsound practices in an institution, prohibit the sale of stock in a bank or holding company by an officer or director of the bank or any bank-affiliated party who received stock as compensation. Further, the bill automatically prohibits the sale of such stocks by senior executive officers at large banks if the bank receives a certain risk management rating or if the bank is under an unresolved supervisory notice issued by a banking regulator.

Full text and official record on Congress.gov

Sponsors

• Maxine Waters Democrat sponsor
• 0 cosponsors