US SB1885 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on June 18 2019 - 25% progression, died in committee
Action: 2019-06-18 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S3658)
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 18 2019 - 25% progression, died in committee
Action: 2019-06-18 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S3658)
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Directs the Securities and Exchange Commission to promulgate final rules requiring certain issuers of securities to disclose whether the issuer has established procedures to recoup from compensation paid to its executive officers fines and penalties for illegal behavior. If the issuer has not established such procedures, it must explain why such procedures are not necessary for the benefit of its shareholders.
Title
Corporate Management Accountability Act of 2019
Sponsors
| Sen. Jack Reed [D-RI] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-06-18 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S3658) |
Same As/Similar To
HB4320 (Related) 2019-12-11 - Placed on the Union Calendar, Calendar No. 268.
Subjects
Administrative law and regulatory procedures
Business records
Civil actions and liability
Commerce
Corporate finance and management
Securities
Securities and Exchange Commission (SEC)
Wages and earnings
Business records
Civil actions and liability
Commerce
Corporate finance and management
Securities
Securities and Exchange Commission (SEC)
Wages and earnings
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/1885/all-info |
| Text | https://www.congress.gov/116/bills/s1885/BILLS-116s1885is.pdf |
