Failed Bank Executives Clawback Act
Sen. Warren and Sen. Hawley Push Bipartisan Bill to Claw Back Pay from Failed Bank Executives
Legislative Progress
Key Points
Impact Analysis
Personal Impact
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.
Milestones
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.
Votes
No votes have been recorded for this legislation yet.
Related News
2 articles
Senators reintroduce bill to 'claw back' bank executive pay
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.
RECEIVERSHIPS—Senators revive bill to claw back executive pay when banks fail
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.
Source Information
Document Type
Congressional Bill
Official Title
Failed Bank Executives Clawback Act
Data Sources
Sponsor
Cosponsors
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