Summary: H.R.3885 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.3885. Bill summaries are authored by CRS.

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Introduced in House (07/23/2019)

Wall Street Banker Accountability for Misconduct Act of 2019

This bill requires large bank holding companies and their subsidiaries to establish funds to pay their criminal and civil fines. Specified senior employees must annually contribute a portion of their salaries to these funds. If sufficient funds remain 10 years after the contribution, the contributing employees must be repaid. The bill provides for separate treatment of funds contributed by former employees.