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Proposal:Corporate Management Accountability Act of 2019

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.
Bill S 1885
Type of Legislation Senate Bill
Congress 116
Source View original on Congress.gov
Geographic Scope
National

Description

Corporate Management Accountability Act of 2019

This bill 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.

Bill Title

Corporate Management Accountability Act of 2019

Linked Goals

Steps

  • 2019-06-18: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S3658)
  • 2019-06-18: Introduced in Senate

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.

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