A bill to amend the Federal Deposit Insurance Act to clarify that the Federal Deposit Insurance Corporation and appropriate Federal regulators have the authority to claw back certain compensation paid to executives, and for other purposes.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4050 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4050 To amend the Federal Deposit Insurance Act to clarify that the Federal Deposit Insurance Corporation and appropriate Federal regulators have the authority to claw back certain compensation paid to executives, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 11, 2026 Ms. Warren (for herself, Mr. Hawley, Ms. Cortez Masto, Mrs. Britt, Mr. Gallego, Mr. Cramer, Mr. Warner, Mr. Van Hollen, Ms. Smith, Mr. Warnock, Mr. Fetterman, Mr. Kim, Ms. Blunt Rochester, and Ms. Alsobrooks) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To amend the Federal Deposit Insurance Act to clarify that the Federal Deposit Insurance Corporation and appropriate Federal regulators have the authority to claw back certain compensation paid to executives, 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 Clawback Act''. SEC. 2. CLAWBACK. Section 8(b) of the Federal Deposit Insurance Act (12 U.S.C. 1818(b)) is amended by inserting after paragraph (8) the following: ``(9) Clawback.-- ``(A) Definitions.--In this paragraph: ``(i) Covered compensation.--The term `covered compensation' means-- ``(I) salary; ``(II) bonuses; ``(III) any compensation that is granted, earned, or vested based wholly or in part upon the attainment of any financial reporting measure or other performance metric; ``(IV) equity-based compensation; ``(V) time- or service-based awards; ``(VI) awards based on nonfinancial metrics; and ``(VII) any profits realized from the buying or