Senator Warren has introduced a bill that would hold CEO’s and executives accountable for iillegal activity and data breaches through negligence.
Some key parts that I really like.
VIOLATIONS DESCRIBED.—A violation of 21law described in this paragraph is— 22‘‘(A) any criminal violation of Federal or 23State law for which the covered corporation was convicted or entered into a deferred or non- 1prosecution agreement; 2‘‘(B) any civil violation of Federal or State 3law— 4‘‘(i) for which the covered corporation 5was found liable or entered into a settle-6ment agreement with any State or Federal 7agency; and 8‘‘(ii) that affects the health, safety, fi-9nances, or personal data of— 10‘‘(I) not less than 1 percent of 11the population of the United States; 12or 13‘‘(II) not less than 1 percent of 14the population of a State; or 15‘‘(C) any criminal or civil violation of Fed-16eral or State law, for which the covered cor-17poration was convicted or found liable, as the 18case may be, that was committed while the cov-19ered corporation was operating under a civil or 20criminal judgment of any court, a deferred 21prosecution or non-prosecution agreement, or 22settlement with any State or Federal agency re-23lating to a different criminal or civil violation. 24
PENALTY.—Any executive officer who violates 1subsection (b) shall— 2‘‘(1) for a first offense, be fined in accordance 3with this title, imprisoned for not more than 1 year, 4or both; and 5‘‘(2) for a second or subsequent offense, be 6fined in accordance with this title, imprisoned for 7not more than 3 years, or both.’’.
Start throwing CEO’s and executives in jail for breaking the law for profit.
What is not to love?