The DEPOSIT Act, short for Deliver Executive Profits On Seized Institutions to Taxpayers Act, aims to ensure that profits made by executives from financial institutions seized by the government are returned to taxpayers. The bill focuses on transparency and accountability in cases where executives benefit from such seizures. It seeks to prevent executives from profiting at the expense of taxpayers and promotes fairness in the handling of seized financial institutions.
2023-03-17: Introduced in House
2023-03-17: Referred to the House Committee on Ways and Means.
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