Bill Detail
H.R. 7887
Congress: 119
Title
Incentivizing Safe and Sound Banking Act
Summary
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.
Sponsor
Rep. Maxine Waters [D-CA-43]
Status
Referred to the House Committee on Financial Services.
Status as of Jul 3, 3:17 PM · synced 6d ago
Introduced
2026-03-09
Data source mode: congress-gov
Bill Engagement
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…