,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #dbjj  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,june #af1 #bjbc ,ms4 
,tlaib introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to def] "p ( !    
comp5sation ( s5ior employees ( l>ge    
f9ancial in/itutions 7& _! subsidi>ies71
 to use su* def]r$ am\nts to pay any    
civil or crim9al f9es t may be levi$ on 
! in/itution 7or subsidi>y71 & = o!r    
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,fo/]+ ,acc\ntability ,9   
,remun]ation ,fund ,act ( #bjbc or !    
,,fair ,fund ,act ( #bjbc4  #b4 ,f9d+s  
,congress f9ds ! foll[+3  7#a7 ,go+ back
 at lea/ to ! ,wall ,/reet cra% ( #aibi1
 improp] pay /ructures h contribut$ to  
f9ancial crises 9 ! ,unit$ ,/ates4  7#b7
 ,widespread f9ancial misconduct l$ to !
 #bjjh f9ancial crisis1 :i* caus$ !     
,great ,recession4 ,comp5sation         
/ructures inc5tiviz$ executives &       
employees to pursue %ort-t]m pr(its )\t 
reg>d = long-t]m risks to _! firms or ! 

broad] f9ancial sy/em4 ,:ile culpable   
employees & executives cont9u$ to       
receive extraord9>y pay1 home[n]s1      
work]s1 & communities paid ! price = _! 
gre$ & recklessness4  7#c7 ,z se5 9 !   
#bjbc bank+ failures1 misalign$         
inc5tives )9 ! f9ancial sector cont9ue  
to fail to hold executives & _! s5ior   
employees acc\ntable = _! actions4      
,silicon ,valley ,bank ,,ceo ,greg      
,beck] enjoy$ millions ( doll>s 9       
inc5tive-bas$ bonuses1 :ile 8 bank      
mismanag$ risks & fail$ to respond to   
regulator's w>n+s4 ,9 ! h\rs be=e !     
failure ( ,silicon ,valley ,bank1       
manag]s paid !mselves millions ( doll>s 
= :at !y deem$ to be sup]ior p]=mance4  
7#d7 ,employees 9 ! f9ancial sector     
cont9ue to walk away ) g5]\s bonuses    
:ile _! firms break ! law & und]m9e !   
/ability ( ! f9ancial sy/em4            
,comp5sation inc5tives t promote        
inappropriate risk-tak+ are a ?reat to  
economic security4  #c4 ,def]m5t ( s5ior
 employee comp5sation  7a7 ,def]m5t fund

 ,ea* cov]$ f9ancial in/itution & ea*   
subsidi>y ( a cov]$ f9ancial in/itution 
%all e/abli% a def]m5t fund1 :i* %all-- 
7#a7 only conta9 comp5sation def]r$ "u  
subsection 7b72 &  7#b7 only be us$ z   
p]mitt$ by ?is section4  7b7 ,def]m5t ( 
comp5sation ,ea* cov]$ f9ancial         
in/itution & ea* subsidi>y ( a cov]$    
f9ancial in/itution %all--  7#a7 ea*    
ye>1 def] ! comp5sation ( ea* s5ior     
employee ( ! cov]$ f9ancial in/itution  
or subsidi>y 9 an am\nt equal to at lea/
 #ej p]c5t ( ! am\nt t ! employee's     
total comp5sation = ! ye> exce$s #g     
times ! comp5sation ( ! m$ian paid      
employee ( ! consolidat$ f9ancial       
in/itution = ! ye>2  7#b7 place all     
comp5sation def]r$ "u p>agraph 7#a7 into
 ! def]m5t fund ( ! cov]$ f9ancial      
in/itution or subsidi>y2 &  7#c7 aft] ! 
end ( ! cov]$ def]m5t p]iod1 if         
suffici5t funds rema9 9 ! def]m5t fund1 
pay ! s5ior employee ! am\nt (          
comp5sation def]r$ & = :i* ! cov]$      
def]m5t p]iod end$4  7c7 ,use ( def]m5t 

fund  7#a7 ,use ( fund to pay f9es ,if a
 cov]$ f9ancial in/itution or subsidi>y 
( a cov]$ f9ancial in/itution is subject
 to a civil or crim9al f9e1 ! cov]$     
f9ancial in/itution or subsidi>y %all   
fir/ pay su* f9e out ( am\nts conta9$ 9 
! def]m5t fund ( ! cov]$ f9ancial       
in/itution or subsidi>y4  7#b7 ,use (   
funds to make depositors :ole ,if a     
cov]$ f9ancial in/itution is a          
depository in/itution or a cr$it union &
 ! depository in/itution or cr$it union 
fails1 ! depository in/itution or cr$it 
union %all use am\nts 9 ! def]m5t fund (
 ! depository in/itution or cr$it union 
to ensure depositors d n lose any ( _!  
deposits4 ,all am\nts 9 ! def]m5t fund  
%all be us$ be=e any am\nts are paid f !
 ,deposit ,insurance ,fund or !         
,national ,cr$it ,union ,%>e ,insurance 
,fund1 z applicable1 = su* purpose4  7d7
 ,cancellation ( comp5sation t _c be    
paid f def]m5t fund ,ea* cov]$ f9ancial 
in/itution or subsidi>y %all h 9 place a
 policy t cancels any comp5sation def]r$

 "u subsection 7b7 t _c be repaid z     
describ$ "u subsection 7b77#c71 due to !
 def]m5t fund lack+ suffici5t funds4    
7e7 ,treatm5t ( def]r$ comp5sation (    
ex-,employees ,) respect to an          
individual t has comp5sation def]r$     
pursuant to subsection 7b71 b is no     
long] employ$ by ! applicable cov]$     
f9ancial in/itution or subsidi>y1 if !  
cov]$ f9ancial in/itution or subsidi>y  
is requir$ to pay a f9e f its def]m5t   
fund = misconduct t occurr$ aft] !      
individual 0 no long] employ$ by ! cov]$
 f9ancial in/itution or subsidi>y1 !    
cov]$ f9ancial in/itution or subsidi>y  
%all segregate ! individual's def]r$    
comp5sation f o!r am\nts 9 ! def]m5t    
fund & %all n use su* segregat$ am\nts =
 any purpose o!r ?an repay+ ! individual
 pursuant to subsection 7b77#c7 or = !  
paym5t ( ano!r f9e = misconduct t       
occurr$ :ile ! individual 0 /ill employ$
 by ! cov]$ f9ancial in/itution or      
subsidi>y4  7f7 ,rulemak+ ,! ,bo>d (    
,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 !  

,comptroll] ( ! ,curr5cy1 ! ,f$]al      
,deposit ,insurance ,corporation1 !     
,f$]al ,h\s+ ,f9ance ,ag5cy1 ! ,national
 ,cr$it ,union ,adm9i/ration1 & !       
,securities & ,ex*ange ,commission may  
ea* issue su* rules z may be necess>y to
 c>ry out ?is section ) respect to cov]$
 f9ancial in/itutions & subsidi>ies     
subject to sup]vision by ! ag5cy4  7g7  
,def9itions ,9 ?is section3 7#a7        
,appropriate ,f$]al regulator ,! t]m    
appropriate ,f$]al regulator means--    
7,a7 ! appropriate ,f$]al bank+ ag5cy1 z
 def9$ "u section #c ( ! ,f$]al ,deposit
 ,insurance ,act2  7,b7 ! ,f$]al ,h\s+  
,f9ance ,ag5cy1 9 ! case ( ! ,f$]al     
,national ,mortgage ,association or !   
,f$]al ,home ,loan ,mortgage            
,corporation2  7,c7 ! ,national ,cr$it  
,union ,adm9i/ration1 9 ! case ( a cr$it
 union describ$ "u p>agraph 7#f77;,c72 &
  7,d7 ! ,securities & ,ex*ange         
,commission1 9 ! case ( a p]son describ$
 "u subp>agraph 7,b7 or 7,d7 ( p>agraph 
#f74  7#b7 ,comp5sation ,) respect to an

 employee1 ! t]m comp5sation means any  
f9ancial remun]ation1 includ+ sal>y1    
bonuses1 inc5tives1 b5efits1 sev]ance1  
def]r$ comp5sation1 or gold5 p>a*ute    
b5efits1 & any pr(its t w\ld be realiz$ 
f ! sale ( ! securities ( ! company     
employ+ ! employee4  7#c7 ,consolidat$  
f9ancial in/itution ,) respect to a     
f9ancial in/itution1 ! t]m consolidat$  
f9ancial in/itution means ! f9ancial    
in/itution & all subsidi>ies ( !        
f9ancial in/itution4  7#d7 ,cov]$       
def]m5t p]iod ,! t]m cov]$ def]m5t p]iod
 means-- 7,a7 ) respect to a cov]$      
f9ancial in/itution ) less ?an          
#aj1jjj1jjj1jjj 9 consolidat$ assets1 a 
numb] ( ye>s1 to be det]m9$ by !        
appropriate ,f$]al regulator if det]m9$ 
necess>y by su* appropriate ,f$]al      
regulator1 beg9n+ on ! date !           
comp5sation is def]r$2  7,b7 ) respect  
to a cov]$ f9ancial in/itution )        
#aj1jjj1jjj1jjj or m1 b less ?an        
#ej1jjj1jjj1jjj1 9 consolidat$ assets1  
#b ye>s beg9n+ on ! date ! comp5sation  

is def]r$2  7,c7 ) respect to a cov]$   
f9ancial in/itution ) #ej1jjj1jjj1jjj or
 m1 b less ?an #bej1jjj1jjj1jjj1 9      
consolidat$ assets1 #f ye>s beg9n+ on ! 
date ! comp5sation is def]r$2 &  7,d7 ) 
respect to a cov]$ f9ancial in/itution )
 #bej1jjj1jjj1jjj or m 9 consolidat$    
assets1 #h ye>s beg9n+ on ! date !      
comp5sation is def]r$4  7#e7 ,cov]$     
f9ancial in/itution ,! t]m cov]$        
f9ancial in/itution means a f9ancial    
in/itution ) m ?an #a1jjj1jjj1jjj 9     
consolidat$ assets4  7#f7 ,f9ancial     
in/itution ,! t]m f9ancial in/itution   
means-- 7,a7 a depository in/itution or 
depository in/itution hold+ company1 z  
su* t]ms are def9$1 respectively1 9     
section #c ( ! ,f$]al ,deposit          
,insurance ,act 7#ab ,u4,s4,c4 #ahac72  
7,b7 a brok] or a deal] regi/]$ "u      
section #ae ( ! ,securities ,ex*ange    
,act ( #aicd 7#ae ,u4,s4,c4 #gho72  7,c7
 a cr$it union1 z describ$ 9 section    
#ai7;b77#a77;,a77iv7 ( ! ,f$]al ,res]ve 
,act2  7,d7 an inve/m5t advis]1 z def9$ 

9 section #bjb7;a7 ( ! ,inve/m5t        
,advis]s ,act ( #aidj 7#ae ,u4,s4,c4    
#hj;b-#b7;a772  7,e7 ! ,f$]al ,national 
,mortgage ,association2 &  7,f7 ! ,f$]al
 ,home ,loan ,mortgage ,corporation4    
7#g7 ,s5ior employee ,! t]m s5ior       
employee means an employee ( a cov]$    
f9ancial in/itution or a subsidi>y ( !  
cov]$ f9ancial in/itution :o--  7,a7 is 
a s5ior executive (fic]2  7,b7 has total
 annual comp5sation ( m ?an #a1jjj1jjj2 
7,c7 ) respect to a cov]$ f9ancial      
in/itution ) #ej1jjj1jjj1jjj or m1 b    
less ?an #bej1jjj1jjj1jjj1 9 consolidat$
 assets-- 7i7 is 9 ! top #b p]c5t ( !   
mo/ highly comp5sat$ employees 9 !      
consolidat$ f9ancial in/itution2 or     
7ii7 has ! au?ority to commit or expose 
#j4e p]c5t or m ( ! capital ( !         
consolidat$ f9ancial in/itution2 or     
7,d7 ) respect to a cov]$ f9ancial      
in/itution ) #bej1jjj1jjj1jjj or m 9    
consolidat$ assets--  7i7 is 9 ! top #e 
p]c5t ( ! mo/ highly comp5sat$ employees
 9 ! consolidat$ f9ancial in/itution2 or

  7ii7 has ! au?ority to commit or      
expose #j4e p]c5t or m ( ! capital ( !  
consolidat$ f9ancial in/itution4