Political Quotes

Tim Scott: “That's why I'll be introducing legislation to strengthen regulators' ability to impose fines and penalties, clawback…”

On the recordMarch 27, 2023
That's why I'll be introducing legislation to strengthen regulators' ability to impose fines and penalties, clawback bonuses, and ban executives who caused bank failures from working at another bank ever again.
Said by
Tim Scott
Republican · South Carolina

Editor's note · Context

Tim Scott plans to introduce legislation for stricter bank executive accountability.

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