Sen. Reed: Bipartisan Bill Allowing Failed Bank Executives' Pay to Be Clawed Back Clears Key Committee Hurdle
June 22, 2023
June 22, 2023
WASHINGTON, June 22 -- Sen. Jack Reed, D-Rhode Island, issued the following news release on June 21, 2023:
In an effort to improve accountability at big banks and ensure managers of failed banks don't profit from their mismanagement and negligence, the Senate Committee on Banking, Housing, and Urban Affairs today voted 21-2 to advance the bipartisan Recovering Executive Compensation from Unaccountable Practices (RECOUP) Act to the full Senate. This legislation, supported by U.S . . .
In an effort to improve accountability at big banks and ensure managers of failed banks don't profit from their mismanagement and negligence, the Senate Committee on Banking, Housing, and Urban Affairs today voted 21-2 to advance the bipartisan Recovering Executive Compensation from Unaccountable Practices (RECOUP) Act to the full Senate. This legislation, supported by U.S . . .