S. 2145IntroducedFINANCE AND FINANCIAL SECTOR
Corporate Management Accountability Act of 2021
Administrative law and regulatory procedures · Business records · Civil actions and liability
Key facts
Introduced: Jun 21, 2021
Chamber: Senate
Cosponsors: 0
Congress: 117th
Latest action · Apr 26, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Summary
Corporate Management Accountability Act of 2021
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 it has not done so.
Summary by Congressional Research Service.
Timeline
- Apr 26, 2022Committee on Banking, Housing, and Urban Affairs. Hearings held.
- Apr 26, 2022Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-738.
- Jun 21, 2021Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4657)
- Jun 21, 2021Introduced in Senate
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