A bill to ensure that irresponsible corporate executives, rather than shareholders, pay fines and penalties.
Corporate Management Accountability Act of 2021
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 it has not done so.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4657)
Committee on Banking, Housing, and Urban Affairs. Hearings held.
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