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Freezing Bonuses for Banks with Safety Concerns

This act aims to enhance the safety of the banking system. It prohibits large banks from paying discretionary bonuses to senior executives if the institution has serious issues and hasn't provided an accepted plan to fix them. This measure seeks to protect financial stability, which indirectly impacts citizens' savings and jobs.
Key points
Large banks cannot pay executive bonuses when financial regulators identify significant problems.
The bonus freeze applies until issues are resolved or an accepted remediation plan is in place.
The goal is to encourage banks to quickly address problems, thereby strengthening the overall financial system.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_6705
Sponsor: Rep. Pettersen, Brittany [D-CO-7]
Process start date: 2025-12-15
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Stopping Bonuses for Unsafe and Unsound Banking Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_6705.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-12-15.

What are the main provisions?

Key points include:

  • Large banks cannot pay executive bonuses when financial regulators identify significant problems.
  • The bonus freeze applies until issues are resolved or an accepted remediation plan is in place.
  • The goal is to encourage banks to quickly address problems, thereby strengthening the overall financial system.
What is the specific legal status?

The current status is Introduced.

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 Rep. Pettersen, Brittany [D-CO-7].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-11.

CATEGORIES

Economy