To provide Federal financial regulators with clawback authority over executive compensation and additional industry prohibition and civil money penalty authority with respect to executives whose negligence caused financial loss to the applicable financial institution, and for other purposes.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7886 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7886 To provide Federal financial regulators with clawback authority over executive compensation and additional industry prohibition and civil money penalty authority with respect to executives whose negligence caused financial loss to the applicable financial institution, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 9, 2026 Ms. Waters introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To provide Federal financial regulators with clawback authority over executive compensation and additional industry prohibition and civil money penalty authority with respect to executives whose negligence caused financial loss to the applicable financial institution, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Failed Bank Executives Accountability and Consequences Act''. SEC. 2. SENSE OF CONGRESS. It is the sense of the Congress that-- (1) financial regulators and law enforcement agencies should fully exercise the maximum extent of their authorities to investigate and use available enforcement tools to hold executive officers and board members at Silicon Valley Bank, Signature Bank, First Republic Bank, and any other bank that fails to be fully accountable for any misconduct in which they are found to have engaged; and (2) 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 National Credit Union Administration Board, the Securities and Exchange Commission, the Fed