1. Short title This Act may be cited as the Corporate Executive Accountability Act . 2. Criminal liability (a) In general Part I of title 18, United States Code, is amended by inserting after chapter 23 the following: 24 Corporations Sec. 451. Negligence of executive officers. 451. Negligence of executive officers (a) Definitions In this section— (1) the term covered corporation means a corporation that generates more than $1,000,000,000 in revenue on an annual basis; and (2) the term executive officer includes any individual who— (A) is described in section 240.3b–7 of title 17, Code of Federal Regulations, or any successor regulation thereto; and (B) by reason of the position of the individual in the corporation, has the responsibility and authority to take necessary measures to prevent or remedy violations. (b) Criminal liability (1) In general It shall be unlawful for an executive officer of a covered corporation to negligently permit or fail to prevent a violation of law described in paragraph (2). (2) Violations described A violation of law described in this paragraph is— (A) any criminal violation of Federal or State law for which the covered corporation was convicted or entered into a deferred or non-prosecution agreement; (B) any civil violation of Federal or State law— (i) for which the covered corporation was found liable or entered into a settlement agreement with any State or Federal agency; and (ii) that affects the health, safety, finances, or personal data of— (I) not less than 1 percent of the population of the United States; or (II) not less than 1 percent of the population of a State