Install
Incentivizing Safe and Sound Banking Act
To prohibit stock sales by senior bank executives in certain circumstances.
- Introduced
- Committee
- Passed House
- Passed Senate
- To President
- Became law
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.
Summary by the Congressional Research Service, Library of Congress.
Actions
- Mar 9, 2026 Referred to the House Committee on Financial Services.
- Mar 9, 2026 Introduced in House
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