S.Amdt. 2117

SA 2117. Mr. MENENDEZ submitted an amendment intended to be proposed
by him to the bill S. 2155, to promote economic growth, provide
tailored regulatory relief, and enhance consumer protections, and for
other purposes; which was ordered to lie on the table; as follows:

At the end of section 401, add the following:
(g) Performance Goals or Quotas.--Notwithstanding any other
provision in this title, a bank holding company with total
consolidated assets greater than $50,000,000,000 shall be
subject to standards or requirements under sections 116(a),
121(a), 155(d), 163(b), 164, and 165 of the Financial
Stability Act of 2010 (12 U.S.C. 5326(a), 5331(a), 5345(d),
5363(b), 5364, 5365) that are no less stringent than the
standards or requirements applicable to the bank holding
company on December 1, 2017 if, during the 5-year period
ending on the date of enactment of this Act, the bank holding
company used, or presently uses, individual sales performance
goals or quotas as a compensation metric for employees at a
branch.
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