About the bill
As they say: “If you have a gun, you can rob a bank. But if you have a bank, you can rob everyone.”
Context
Three of the four biggest bank failures in U.S. history have occurred in 2023, even though the year is only half over.
Silicon Valley Bank and Signature Bank both failed in March, followed by First Republic Bank in May. Prior to collapsing, they ranked as the #16, #29, and #14 largest banks in the country, respectively.
In the wake of these failures, much public and congressional anger alike focused on executive compensation. In 2022, the year before the bank failures, Silicon Valley Bank’s CEO Greg Becker earned $9.9 million and Signature Bank CEO Joe DePaolo earned $8.6 million.
At Silicon Valley Bank, some …
Sponsor and status
118th Congress (2023–2025)
Ordered Reported on Jun 22, 2023
The committees assigned to this bill sent it to the House or Senate as a whole for consideration on June 22, 2023.
Other activity may have occurred on another bill with identical or similar provisions.
History
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Jun 22, 2023
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Introduced
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
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Jun 22, 2023
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Ordered Reported
A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee. |
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If this bill has further action, the following steps may occur next: | |
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Passed Senate
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Passed House
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Signed by the President
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S. 2190 is a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number S. 2190. This is the one from the 118th Congress.
How to cite this information.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
“S. 2190 — 118th Congress: RECOUP Act of 2023.” www.GovTrack.us. 2023. September 28, 2023 <https://www.govtrack.us/congress/bills/118/s2190>
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Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.
