HR 7887 · 119th CongressIn Committeecongress.gov ↗
What this bill does
AI plain-language summaryThis bill gives the Federal Deposit Insurance Corporation the power to stop officers, directors, or other people connected to a bank from selling bank stock they received as part of their pay if the bank is being investigated for unsafe business practices. It also automatically blocks top executives at large banks from selling their stock if the bank gets a certain risk rating or has an unresolved warning from banking regulators.
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