Stop Wall Street firms from giving bonuses to employees who leave to become federal regulators.

Stop Wall Street from giving bonuses to employees for leaving to become federal regulators.

Schatz proposed barring Wall Street bonuses for employees moving into federal regulator roles.

Candidate Q&A: U.S. Senate — Brian Schatz - Honolulu Civil Beat
primary · interview · model gpt-5.5

The release says Brian Schatz signed on as an original Senate cosponsor and says the bill would outlaw bonuses for government work by prohibiting government employees from accepting bonuses from former private-sector employers for entering government service.

Schatz backed a concrete bill matching the promise, but this source only shows introduction/support, not enactment.

never unknown A for effort

House Oversight Democrats: Baldwin and Cummings to Introduce Financial Services Conflict of Interest Act
secondary · model gpt-5.5 · confidence 93%

Congress.gov lists S.1779 as introduced in the Senate on 07/15/2015, referred to the Committee on Homeland Security and Governmental Affairs, and names Sen. Schatz as a cosponsor on 07/15/2015. The summary says it would treat employer payments contingent on accepting a federal government position as not exempt from conflict-of-interest restrictions.

The bill directly targeted the Wall Street/government-service bonus loophole and Schatz cosponsored it, but it remained at introduction/referral and did not become law.

never unknown A for effort

Congress.gov: S.1779 - Financial Services Conflict of Interest Act, 114th Congress
secondary · model gpt-5.5 · confidence 96%

Congress.gov lists S.265 as introduced on 02/01/2017, with latest action read twice and referred to committee, and lists Sen. Schatz as an original cosponsor. The official title targets conflicts from executive government employees receiving bonuses or compensation from nongovernment sources and financial-regulator revolving-door concerns.

Schatz again advanced the same policy in the next Congress, but the bill stayed at introduced/referred status, so the promise was not legislatively delivered.

never same_term A for effort

Congress.gov: S.265 - Financial Services Conflict of Interest Act, 115th Congress
secondary · model gpt-5.5 · confidence 97%

Executive Order 13989 required covered executive-branch appointees to pledge that they had not accepted and would not accept salary, cash payment, or substitute non-cash benefits from a former employer when eligibility and payment were limited to people accepting U.S. Government positions.

This temporarily and partially addressed golden-parachute payments for executive-branch appointees, but it was not Schatz legislation, was not limited to Wall Street regulators, did not directly regulate firms, and was not permanent statutory fulfillment.

partial later_term

GovInfo: Executive Order 13989 - Ethics Commitments by Executive Branch Personnel
secondary · model gpt-5.5 · confidence 88%

Executive Order 14148 states that Executive Order 13989 of January 20, 2021, Ethics Commitments by Executive Branch Personnel, is revoked.

The only identified executive action partially covering golden parachutes was revoked before the 2026 as-of date, leaving no current federal delivery of the promised ban.

never later_term

Federal Register: Executive Order 14148 - Initial Rescissions of Harmful Executive Orders and Actions
secondary · model gpt-5.5 · confidence 95%