Sen. Warren and Sen. Hawley Push Bipartisan Bill to Claw Back Pay from Failed Bank Executives
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This bill’s path across every version that has carried it.
Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
Homeowners with savings or mortgage accounts at large banks benefit from a stronger accountability framework for bank executives. In a future bank failure scenario, recovered compensation would help replenish the fund that protects depositors, though the direct day-to-day impact is small unless a bank actually fails.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
A bipartisan group of 14 senators has reintroduced the Failed Bank Executives Clawback Act to require the FDIC to recover pay from executives of large failed banks. The bill targets compensation received during a three-year period preceding a bank's failure for institutions with $10B+ in assets.
The Failed Bank Executives Clawback Act of 2026 was reintroduced on March 11, 2026. The bill would grant the FDIC authority to claw back salaries, bonuses, and stock profits from executives of large failed institutions for the three-year period preceding insolvency.
No votes or related bills recorded for this bill yet.
Document Type
Congressional Bill
Official Title
Failed Bank Executives Clawback Act
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