NU Online News Service, May 30, 2:49 p.m. EDT
A bill introduced in the House would bar financial firm officials who are found liable for actions harming their companies from purchasing insurance to cover the cost of the penalties imposed.
The bill is the Executive Compensation Clawback Full Enforcement Act of 2012, to be introduced by Rep. Barney Frank, D-Mass. There is no bill number yet.
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