H.R.5860 - Executive Compensation Clawback Full Enforcement Act

To prohibit individuals from insuring against possible losses from having to repay illegally-received compensation or from having to pay civil penalties, and for other purposes. view all titles (2)

All Bill Titles

  • Official: To prohibit individuals from insuring against possible losses from having to repay illegally-received compensation or from having to pay civil penalties, and for other purposes. as introduced.
  • Short: Executive Compensation Clawback Full Enforcement Act as introduced.

This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.

Bill’s Views

  • Today: 1
  • Past Seven Days: 1
  • All-Time: 813
 
Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
05/30/12
 
 
 
 
 
 
 

Official Summary

Executive Compensation Clawback Full Enforcement Act - Prohibits personnel or affiliated parties of depository institutions, depository institution holding companies, or nonbank financial companies who are required by federal financial regulatory law that imposes personal liability from ins

Official Summary

Executive Compensation Clawback Full Enforcement Act - Prohibits personnel or affiliated parties of depository institutions, depository institution holding companies, or nonbank financial companies who are required by federal financial regulatory law that imposes personal liability from insuring or hedging against, or otherwise transferring the risks associated with, personal liability for amounts owed as repayment of previously earned compensation or civil penalties. States that such persons are not precluded from being provided funds from:
(1) specified entities to defend against previously earned compensation recovery or civil money penalty, or
(2) certain insurance that protects against personal liability. Applies this Act to the personnel or affiliated party of a foreign nonbank financial company only to the extent such party is based in the United States.

...Read the Rest




Vote on This Bill

-% Users Support Bill

0 in favor / 0 opposed
 

Send Your Rep a Letter

about this bill Support Oppose Tracking
Track with MyOC