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Corporate Management Accountability Act of 2019

11/1/2022, 1:50 PM

Congressional Summary of HR 4320

Corporate Management Accountability Act of 2019

This bill directs the Securities and Exchange Commission to promulgate final rules requiring certain issuers of securities to disclose whether the issuer has established procedures to recoup from compensation paid to its executive officers fines and penalties for illegal behavior. If the issuer has not established such procedures, it must explain why such procedures are not necessary for the benefit of its shareholders.

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Current Status of Bill HR 4320

Bill HR 4320 is currently in the status of Bill Introduced since September 12, 2019. Bill HR 4320 was introduced during Congress 116 and was introduced to the House on September 12, 2019.  Bill HR 4320's most recent activity was Placed on the Union Calendar, Calendar No. 268. as of December 11, 2019

Bipartisan Support of Bill HR 4320

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 4320

Primary Policy Focus

Commerce

Potential Impact Areas

- Administrative law and regulatory procedures
- Business records
- Civil actions and liability
- Corporate finance and management
- Securities
- Securities and Exchange Commission (SEC)
- Wages and earnings

Alternate Title(s) of Bill HR 4320

Corporate Management Accountability Act of 2019
To ensure that irresponsible corporate executives, rather than shareholders, pay fines and penalties.
Corporate Management Accountability Act of 2019
Corporate Management Accountability Act of 2019

Comments

Sponsors and Cosponsors of HR 4320

Katie Porter
Katie Porter
CaliforniaDemocrat

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