To defer part of the compensation of senior employees of large financial institutions (and their subsidiaries), to use such deferred amounts to pay any civil or criminal fines that may be levied on the institution (or subsidiary), and for other purposes.

This bill appears to require large financial companies and their related smaller companies to hold back part of the pay of their top employees. That held-back money would then be used to pay for any fines the company might owe from breaking civil or criminal laws. No official summary is available for this bill.

Your Vote