HR 7887 ยท Incentivizing Safe and Sound Banking Act
Referred to the House Committee on Financial Services.
- Introduced
- Mar 9, 2026
- Latest action
- Mar 9, 2026
- Sponsor
- Rep. Maxine Waters [D-CA-43]
- Policy area
- Finance and Financial Sector
- Cosponsors
- 0
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.
Recent actions
- Mar 9, 2026 Referred to the House Committee on Financial Services.
- Mar 9, 2026 Introduced in House
- Mar 9, 2026 Introduced in House
Votes
No recorded votes are available for this bill.