S. 1912 · 115th Congress
Corporate Management Accountability Act of 2017
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
ReedSponsorNo cosponsors.
This bill directs the Securities and Exchange Commission to issue final rules to require each reporting company (i.e., an issuer with registered securities and reporting requirements under the Securities Exchange Act of 1934) to disclose whether such company has established procedures to recoup from compensation paid to its executive officers fines and…
What it does: CRS summary · Introduced in Senate · Oct 3, 2017
Corporate Management Accountability Act of 2017
This bill directs the Securities and Exchange Commission to issue final rules to require each reporting company (i.e., an issuer with registered securities and reporting requirements under the Securities Exchange Act of 1934) to disclose whether such company has established procedures to recoup from compensation paid to its executive officers fines and penalties for illegal behavior. If the reporting company has not established such procedures, it must explain why not having such procedures is necessary for the benefit of its shareholders.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Corporate Management Accountability Act of 2017
Latest action (Oct 3, 2017): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S6290)
Policy area: Commerce · Origin: Senate · Introduced: Oct 3, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.