HR 6705 Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.
Stopping Bonuses for Unsafe and Unsound Banking Act
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 matter, and for other purposes.
Summary
This bill prohibits large banking institutions with more than $50 billion in assets from paying discretionary bonuses to senior executive officers when they receive a supervisory "Matter Requiring Immediate Attention" from federal banking regulators. The bonus freeze remains in effect until the matter is resolved to the regulator's satisfaction. The freeze does not apply if the bank submits and the regulator accepts a remediation plan with an implementation schedule to correct the matter before the deadline.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
Money behind the sponsor
Top reported contributors to Brittany Pettersen’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $30,671
- COINBASE $18,000
- ANDREESSEN HOROWITZ $13,200
- APOLLO GLOBAL MANAGEMENT $13,000
- SOLANA LABS $9,900
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Brittany Pettersen → · Outside spending →
Actions (2)
- Dec 15, 2025 Referred to the House Committee on Financial Services. · house
- Dec 15, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE HOUSE OF REPRESENTATIVES
December 15, 2025
Ms. Pettersen introduced the following bill; 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 matter, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Stopping Bonuses for Unsafe and Unsound Banking Act”.
SEC. 2. FREEZE ON DISCRETIONARY BONUS PAYMENTS BY LARGE BANKING INSTITUTIONS IN CERTAIN CIRCUMSTANCES.
(a) In General.—If the appropriate Federal banking agency issues a “matter requiring immediate attention” (or similar supervisory notice) to a covered banking institution, 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 agency.
(b) Remediation Plan Exception.—Subsection (a) shall not apply to a covered banking institution receiving a “matter requiring immediate attention” (or similar supervisory notice)—
(1) during the period beginning on the date the covered banking institution receives the “matter requiring immediate attention” (or similar supervisory notice) and ending on the date of the deadline described under paragraph (2) to submit a remediation plan; and
(2) if the covered banking institution provides the appropriate Federal banking agency with a remediation plan (which shall include an implementation period) to correct the matter that is accepted by the appropriate Federal banking agency by such deadline as determined by the appropriate Federal banking agency, during the period beginning on the date the remediation plan is accepted and the end of the implementation period.
(c) Definitions.—In this section:
(1) Covered banking institution.—The term “covered banking institution” means—
(A) a bank holding company with more than $50,000,000,000 in consolidated assets;
(B) a bank subsidiary of a bank holding company described under subparagraph (A); and
(C) a bank that does not have a bank holding company and that has more than $50,000,000,000 in consolidated assets.
(2) Other terms.—The terms “appropriate Federal banking agency”, “bank”, “bank holding company”, and “Federal banking agency” have the meanings given those terms, respectively, under section 3 of the Federal Deposit Insurance Act. <all>
Comments