HR 7887 · 119th Congress — Incentivizing Safe and Sound Banking Act
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…
- Congress
- 119
- Bill
- HR 7887
- Status
- Introduced
- Introduced
- 2026-03-09
- Latest action date
- 2026-03-09
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.
This summary may describe an earlier version. Check the official record for current wording.
Latest action
Referred to the House Committee on Financial Services.
Sponsors
- Rep. Waters, Maxine [D-CA-43]
Democratic · California · House District 43 · Democratic