,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #fgje  ,,in ,,the ,,house ,,of  
,,representatives  ,december #ae1       
#bjbe,ms4 ,pettersen introduced the     
following bill2 which was referred to   
the ,committee on ,financial ,services  
,a ,,bill  ,to prohibit a large banking 
institution from paying discretionary   
bonus payments when the institution is  
subject to a ,matter ,requiring         
,immediate ,attention and does not      
provide the appropriate ,federal banking
 agency with a remediation plan to      
correct the matter1 and for other       
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,stopping ,bonuses  
for ,unsafe and ,unsound ,banking ,act4 
#b4 ,freeze on discretionary bonus      
payments by large banking institutions  
in certain circumstances  7a7 ,in       
general ,if the appropriate ,federal    
banking agency issues a matter requiring
 immediate attention 7or similar        
supervisory notice7 to a covered banking
 institution1 the institution may not   

make any discretionary bonus payment to 
a senior executive officer until the    
matter is resolved to the satisfaction  
of the appropriate ,federal banking     
agency4  7b7 ,remediation plan exception
 ,subsection 7a7 shall not apply to a   
covered banking institution receiving a 
matter requiring immediate attention 7or
 similar supervisory notice7-- 7#a7     
during the period beginning on the date 
the covered banking institution receives
 the matter requiring immediate         
attention 7or similar supervisory       
notice7 and ending on the date of the   
deadline described under paragraph 7#b7 
to submit a remediation plan2 and  7#b7 
if the covered banking institution      
provides the appropriate ,federal       
banking agency with a remediation plan  
7which shall include an implementation  
period7 to correct the matter that is   
accepted by the appropriate ,federal    
banking agency by such deadline as      
determined by the appropriate ,federal  
banking agency1 during the period       

beginning on the date the remediation   
plan is accepted and the end of the     
implementation period4  7c7 ,definitions
 ,in this section3  7#a7 ,covered       
banking institution ,the term covered   
banking institution means-- 7,a7 a bank 
holding company with more than          
#ej1jjj1jjj1jjj in consolidated assets2 
7,b7 a bank subsidiary of a bank holding
 company described under subparagraph   
7,a72 and  7,c7 a bank that does not    
have a bank holding company and that has
 more than #ej1jjj1jjj1jjj in           
consolidated assets4  7#b7 ,other terms 
,the terms appropriate ,federal banking 
agency1 bank1 bank holding company1 and 
,federal banking agency have the        
meanings given those terms1             
respectively1 under section #c of the   
,federal ,deposit ,insurance ,act4