12 U.S.C. § 5641: Enhanced compensation structure reporting

provides an executive officer, employee, director, or principal shareholder of the covered financial institution with excessive compensation, fees, or benefits; or could lead to material financial loss to the covered financial institution. Nothing in this section shall be construed as requiring the reporting of the actual compensation of particular individuals. Nothing in this section shall be construed to require a covered financial institution that does not have an incentive-based payment arrangement to make the disclosures required under this subsection. by providing an executive officer, employee, director, or principal shareholder of the covered financial institution with excessive compensation, fees, or benefits; or that could lead to material financial loss to the covered financial institution. ensure that any standards for compensation established under subsections (a) or (b) are comparable to the standards established under section 1831p–1 1 of this title for insured depository institutions; and 1 See References in Text note below. in establishing such standards under such subsections, take into consideration the compensation standards described in section 1831p–1(c) of this title . The provisions of this section and the regulations issued under this section shall be enforced under section 505 of the Gramm-Leach-Bliley Act [ 15 U.S.C. 6805 ] and, for purposes of such section, a violation of this section or such regulations shall be treated as a violation of subtitle A of title V of such Act [ 15 U.S.C. 6801 et seq.]. the term “appropriate Federal regulator” means the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Board of Directors of the Federal Deposit Insurance Corporation, the Director of the Office of Thrift Supervision, the National Credit Union Administration Board, the Securities and Exchange Commission, the Federal Housing Finance Agency; and a depository institution or depository institution holding company, as such terms are defined in section 1813 of this title ; a broker-dealer registered under section 78 o of title 15; a credit union, as described in section 461(b)(1)(A)(iv) of this title ; an investment advisor, as such term is defined in section 80b–2(a)(11) of title 15 ; the Federal National Mortgage Association; the Federal Home Loan Mortgage Corporation; and any other financial institution that the appropriate Federal regulators, jointly, by rule, determine should be treated as a covered financial institution for purposes of this section. The requirements of this section shall not apply to covered financial institutions with assets of less than $1,000,000,000.