H.R. 9736, known as the “Corporate Management Accountability Act of 2024”, aims to hold irresponsible corporate executives accountable for fines and penalties, instead of passing those costs onto shareholders. It instructs the Securities and Exchange Commission (SEC) to create rules requiring...
Simple Explanation
The bill wants to make sure that if a company does something wrong and gets fined, the bosses pay for it, not the people who own shares of the company. It tells the government to make rules so companies report if they have ways to get that money back from the bosses' pay, and they have to share this information every year.