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H.R. 9490, introduced in the 119th Congress on June 25, 2026, aims to defer a portion of the compensation of senior employees within large financial institutions and their subsidiaries. The deferred amounts would then be utilized to settle civil or criminal fines imposed on the institution or its subsidiaries.
How will this impact me? ✨
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Kira Kidd
951
3 days ago
I think this new act is a good idea. It holds banks accountable for their actions and helps protect consumers. It will have a positive impact in the short term.