,i #aai? ,,congress #a/ ,session ,h4 ,r4 #fgje ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,decemb] #ae1 #bjbe,ms4 ,pett]s5 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,a ,,bill ,to prohibit a l>ge bank+ in/itution f pay+ discretion>y bonus paym5ts :5 ! in/itution is subject to a ,matt] ,requir+ ,imm$iate ,att5tion & does n provide ! appropriate ,f$]al bank+ ag5cy ) a rem$iation plan to correct ! matt]1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,/opp+ ,bonuses = ,unsafe & ,uns\nd ,bank+ ,act4 #b4 ,freeze on discretion>y bonus paym5ts by l>ge bank+ in/itutions 9 c]ta9 circum/ances 7a7 ,9 g5]al ,if ! appropriate ,f$]al bank+ ag5cy issues a matt] requir+ imm$iate att5tion 7or simil> sup]visory notice7 to a cov]$ bank+ in/itution1 ! in/itution may n make any discretion>y bonus paym5t to a s5ior executive (fic] until ! matt] is resolv$ to ! satisfaction ( ! appropriate ,f$]al bank+ ag5cy4 7b7 ,rem$iation plan exception ,subsection 7a7 %all n apply to a cov]$ bank+ in/itution receiv+ a matt] requir+ imm$iate att5tion 7or simil> sup]visory notice7-- 7#a7 dur+ ! p]iod beg9n+ on ! date ! cov]$ bank+ in/itution receives ! matt] requir+ imm$iate att5tion 7or simil> sup]visory notice7 & end+ on ! date ( ! deadl9e describ$ "u p>agraph 7#b7 to submit a rem$iation plan2 & 7#b7 if ! cov]$ bank+ in/itution provides ! appropriate ,f$]al bank+ ag5cy ) a rem$iation plan 7:i* %all include an implem5tation p]iod7 to correct ! matt] t is accept$ by ! appropriate ,f$]al bank+ ag5cy by su* deadl9e z det]m9$ by ! appropriate ,f$]al bank+ ag5cy1 dur+ ! p]iod beg9n+ on ! date ! rem$iation plan is accept$ & ! end ( ! implem5tation p]iod4 7c7 ,def9itions ,9 ?is section3 7#a7 ,cov]$ bank+ in/itution ,! t]m cov]$ bank+ in/itution means-- 7,a7 a bank hold+ company ) m ?an #ej1jjj1jjj1jjj 9 consolidat$ assets2 7,b7 a bank subsidi>y ( a bank hold+ company describ$ "u subp>agraph 7,a72 & 7,c7 a bank t does n h a bank hold+ company & t has m ?an #ej1jjj1jjj1jjj 9 consolidat$ assets4 7#b7 ,o!r t]ms ,! t]ms appropriate ,f$]al bank+ ag5cy1 bank1 bank hold+ company1 & ,f$]al bank+ ag5cy h ! mean+s giv5 ^? t]ms1 respectively1 "u section #c ( ! ,f$]al ,deposit ,insurance ,act4