{"bill":{"id":"119-hr-7887","congress":119,"type":"HR","number":7887,"title":"Incentivizing Safe and Sound Banking Act","originChamber":"House","introducedDate":"2026-03-09","sponsors":[{"bioguideId":"W000187","fullName":"Rep. Waters, Maxine [D-CA-43]","party":"D","state":"CA","district":43}],"cosponsorsCount":0,"latestAction":{"actionDate":"2026-03-09","text":"Referred to the House Committee on Financial Services."},"policyArea":"Finance and Financial Sector","subjects":[],"actions":[{"date":"2026-03-09","text":"Referred to the House Committee on Financial Services.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2026-03-09","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2026-03-09","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false}],"summary":"<p><strong>Incentivizing Safe and Sound Banking Act </strong></p><p>This bill allows the Federal Deposit Insurance Corporation to, during cease-and-desist proceedings for unsafe or unsound practices in an institution, prohibit the sale of stock in a bank or holding company by an officer or director of the bank or any bank-affiliated party who received stock as compensation. Further, the bill automatically prohibits the sale of such stocks by senior executive officers at large banks if the bank receives a certain risk management rating or if the bank is under an unresolved supervisory notice issued by a banking regulator.</p>","updateDate":"2026-04-06T15:49:23Z"},"markets":[],"stateBills":[],"meta":{"sources":["congress.gov"],"latencyMs":410,"ts":"2026-04-19T10:18:31.547Z"},"nextActions":{"inspect":[],"related":[{"description":"Search related legislation","method":"GET","url":"/api/public/query-gov?q=Incentivizing%20Safe%20and%20Sound%20Banking%20Act"}]}}