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Incentivizing Safe and Sound Banking Act
To prohibit stock sales by senior bank executives in certain circumstances.
Summary
This bill would amend federal banking law to restrict stock sales by senior executives of large banks in certain circumstances. The bill would authorize banking regulators to prohibit senior executives from selling bank securities received as compensation when the bank receives a cease and desist order. The bill would also create an automatic prohibition on stock sales by senior executives when a large bank receives a poor financial rating or a supervisory notice of problems, if the bank does not remediate the issues by the established deadline. The prohibition would remain in effect until regulators determine the matter has been resolved. These provisions apply to bank holding companies and banks with more than $50 billion in consolidated assets.
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 Maxine Waters’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- GUSTAR KAPLAN NUSBAUM PLLC $9,900
- INVARIANT $8,300
- SLA WORLDWIDE $6,950
- MINDSET $6,800
- EGAN-JONES RATINGS CO. $6,600
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Maxine Waters → · Outside spending →
Actions (2)
- Mar 9, 2026 Referred to the House Committee on Financial Services. · house
- Mar 9, 2026 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
March 9, 2026
Ms. Waters introduced the following bill; which was referred to the Committee on Financial Services
A BILL
To prohibit stock sales by senior bank executives in certain circumstances.
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 “Incentivizing Safe and Sound Banking Act”.
SEC. 2. STOCK SALE PROHIBITION.
(a) Authority To Prohibit Stock Sales Relating to Cease and Desist Orders.—Section 8(b) of the Federal Deposit Insurance Act (12 U.S.C. 1818(b)) is amended by inserting at the end the following:
“(11) Stock sale prohibition.—The authority to issue an order under this subsection or subsection (c) includes the authority to prohibit the sale of securities of the insured depository institution and any affiliate of such insured depository institution received and owned by any current or former officer or director of the insured depository institution or any institution-affiliated party that received such securities as a form of compensation.”.
(b) Automatic Prohibition.—Section 8 of the Federal Deposit Insurance Act (12 U.S.C. 1818) is amended by adding at the end the following:
“(x) Automatic Prohibition of Stock Sale.—
“(1) In general.—If a covered banking institution has a composite or component rating of 3, 4, or 5 under the Uniform Financial Institutions Rating System (or an equivalent rating under a comparable rating system), or the appropriate Federal banking agency issues a ‘matter requiring immediate attention’ (or similar supervisory notice, as determined by the appropriate Federal banking agency) to a covered banking institution, and the institution does not remediate the issue by the deadline established by the appropriate Federal banking agency, any senior executive officer may not sell securities of the covered banking institution or any affiliate of the covered banking institution that the individual received as a form of compensation, until the matter is resolved to the satisfaction of the appropriate Federal banking agency.
“(2) Covered banking institution.—In this subsection, 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); or
“(C) a bank or savings association with more than $50,000,000,000 in consolidated assets.”. <all>
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