Prohibits stock sales by senior bank executives if their institution has a low rating or receives a supervisory notice.
The Incentivizing Safe and Sound Banking Act aims to prevent senior bank executives from selling securities if their institution has a low rating or receives a supervisory notice. The bill defines a "covered banking institution" as a bank holding company with over $50 billion in assets, a bank subsidiary of such a company, or a bank or savings association with over $50 billion in assets.
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