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Corporate Accountability: Transparency in Settlements and Longer Prosecution Time.

This bill tightens oversight on large companies accused of crimes by requiring public disclosure of major settlement agreements (over $1 million). Citizens will gain access to details about financial penalties and compliance terms, ensuring greater transparency in corporate justice. Furthermore, the statute of limitations for prosecuting corporate and financial crimes is extended to 10 years, aiming to better protect public interests and victims.
Key points
Transparency: Federal agencies must publish details and copies of corporate settlements (over $1M), including fines and fund allocation.
Longer Prosecution Time: The statute of limitations for corporate and financial offenses is extended from 5 to 10 years.
Stricter Oversight: Corporations must obtain court approval for deferred prosecution and are required to use independent monitoring and identify culpable employees.
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Expired
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Additional Information
Print number: 118_S_5252
Sponsor: Sen. Welch, Peter [D-VT]
Process start date: 2024-09-25
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Hold Corporate Criminals Accountable Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_5252.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-09-25.

What are the main provisions?

Key points include:

  • Transparency: Federal agencies must publish details and copies of corporate settlements (over $1M), including fines and fund allocation.
  • Longer Prosecution Time: The statute of limitations for corporate and financial offenses is extended from 5 to 10 years.
  • Stricter Oversight: Corporations must obtain court approval for deferred prosecution and are required to use independent monitoring and identify culpable employees.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Welch, Peter [D-VT].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

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