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HR9490Referred to Committee

To defer part of the compensation of senior employees of large financial institutions (and their subsidiaries), to use such deferred amounts to pay any civil or criminal fines that may be levied on the institution (or subsidiary), and for other purposes.

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-06-25
Introduced
3
Cosponsors
HR
ⓘ
Type

Sponsor

Rashida Tlaib
Rashida Tlaib
Democrat · MI · Representative
Votes with party: 93.7% (570 recorded votes)

Full profile: /officials/T000481

Source: Congress.gov · FEC

Cosponsors (3)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

  • Al Green (D-TX-9)Original· 2026-06-25
  • Stephen F. Lynch (D-MA-8)Original· 2026-06-25
  • Summer L. Lee (D-PA-12)Original· 2026-06-25

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Financial Services.

2026-06-25

Source: Congress.gov

Committee Activity

Currently in

  • House Committee on Financial ServicesReferred To · 2026-06-25

Plain-English Summary

Large financial institutions would be required to delay part of the pay for their top executives, with that deferred money held in reserve to cover any fines the company might face for breaking laws or regulations. This approach aims to make senior leaders more financially accountable if their institution gets penalized, since they would personally lose compensation when fines are paid. The rule would apply to big banks and their related companies.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

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Bills by the same sponsor or covering overlapping subjects.

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    Referred to Committee · 2026-05-21