# 119-hr-6705: Stopping Bonuses for Unsafe and Unsound Banking Act

119-hr-6705, Stopping Bonuses for Unsafe and Unsound Banking Act, is a 119th Congress bill sponsored by Rep. Pettersen, Brittany [D-CO-7] (D-CO); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-6705
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-6705
- Congress: 119
- Title: Stopping Bonuses for Unsafe and Unsound Banking Act
- Status: introduced
- Introduced: 2025-12-15
- Sponsor: Rep. Pettersen, Brittany [D-CO-7] (D-CO)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Would bar discretionary bonus payments to senior executives at very large banks when regulators issue a 'Matter Requiring Immediate Attention'.** The bill focuses pay consequences on banks with serious supervisory problems and links bonuses to completing remediation steps. - Senior executives: Discretionary bonuses would be paused while a supervisory 'Matter Requiring Immediate Attention' remains unresolved, with an allowance for bonuses during the period to submit a remediation plan and while an accepted remediation plan is being implemented. - Large banks: The rule covers bank holding companies, their bank subsidiaries, and standalone banks with more than $50 billion in consolidated assets. - Regulators and process: The proposal uses existing supervisory notices and remediation-plan timelines defined under the Federal Deposit Insurance Act to trigger and manage the bonus restriction.

## Provisions PRIA read

- Freeze on bonuses at big banks: mixed, medium. This bill would apply to banks and bank holding companies with more than $50 billion in assets. If an agency issues a "matter requiring immediate attention" notice, the bill would bar discretionary bonuses to senior executives. The ban would last until the agency is satisfied the matter is fixed. I…

## Related bills

- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-6771: Housing Crisis Response Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-10061: Wildfire Response and Readiness Act
- 119-hr-7481: Department of Homeland Security Appropriations Act, 2026

## Sources
- [119-hr-6705 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/6705)

## Related
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-6771: Housing Crisis Response Act of 2025](https://policyrisk.com/legislation/119-hr-6771)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-10061: Wildfire Response and Readiness Act](https://policyrisk.com/legislation/119-hr-10061)
- [119-hr-7481: Department of Homeland Security Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-7481)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-6705 (as of 2026-04-21).