To defer part of the compensation of senior employees of large financial institutions (and their subsidiaries), to use such deferred amounts to pay any civil or criminal fines that may be levied on the institution (or subsidiary), and for other purposes.
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Summary
Based on the bill's title, this measure would require large financial institutions and their subsidiaries to defer a portion of compensation for senior employees. The deferred compensation would be held and used to pay any civil or criminal fines imposed on the institution or subsidiary. The bill's specific mechanisms, thresholds for institution size, deferral percentages, and implementation details are not available from the title alone.
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How your representatives voted
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