3.0.0
2972
2024-07-24T15:22:27Z
2024-07-24T15:22:27Z
House
H
HR
2023-04-27
118
[Congressional Record Volume 169, Number 71 (Thursday, April 27, 2023)][House][Pages H2087-H2088]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. PORTER:H.R. 2972.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 18[[Page H2088]]The single subject of this legislation is:To amend the Federal Deposit Insurance Act to clarify thatthe Federal Deposit Insurance Corporation and appropriateFederal regulators have the authority to claw back certaincompensation paid to executives.
- hsba00
Financial Services Committee
House
Standing
  - Referred to
2023-04-27T13:08:15Z

- Failed Bank Executives Clawback Act
118
1045
S
2023-05-17
Committee on Banking, Housing, and Urban Affairs. Hearings held.
  - Related bill
CRS

- Failed Bank Executives Clawback Act
118
1790
S
2023-06-01
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  - Related bill
CRS
- 2023-04-27
Referred to the House Committee on Financial Services.
IntroReferral
H11100
2
House floor actions
  - hsba00
Financial Services Committee
- 2023-04-27
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2023-04-27
Introduced in House
IntroReferral
1000
9
Library of Congress
- P000618
Rep. Porter, Katie [D-CA-47]
Katie
Porter
D
CA
47
N
- S000929
Rep. Spartz, Victoria [R-IN-5]
Victoria
Spartz
R
IN
5
2023-04-27
True
- G000574
Rep. Gallego, Ruben [D-AZ-3]
Ruben
Gallego
D
AZ
3
2023-04-27
True
- B001297
Rep. Buck, Ken [R-CO-4]
Ken
Buck
R
CO
4
2023-04-27
True
- G000600
Rep. Perez, Marie Gluesenkamp [D-WA-3]
Marie
Perez
D
WA
Gluesenkamp
3
2023-04-27
True
Finance and Financial Sector
Finance and Financial Sector
2023-05-11T13:31:08Z
00
2023-04-27
Introduced in House
2024-01-08T16:18:37Z
Failed Bank Executives Clawback Act
This bill requires the Federal Deposit Insurance Corporation (FDIC) to claw back compensation paid to certain responsible parties when an insured depository institution or financial company is placed into FDIC receivership.
Specifically, all or part of the compensation paid the previous five years to an institution-affiliated party substantially responsible for the condition of the institution must be paid to FDIC to prevent unjust enrichment and to assure that the party bears losses consistent with their responsibility. Compensation includes salary, bonuses, awards, and profits from buying or selling securities.
Finally, the bill establishes that an insured depository institution's holding company is liable to the FDIC for payments to insured depositors, the FDIC's receiver costs, and interest when the institution is under FDIC receivership.

Failed Bank Executives Clawback Act
- Display Title
45

Failed Bank Executives Clawback Act
2024-07-24T15:22:27Z
- Short Title(s) as Introduced
101

Failed Bank Executives Clawback Act
2024-05-24T13:40:27Z
Introduced in House
IH
- Official Title as Introduced
6

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.
2024-03-18T20:41:33Z
Introduced in House
IH
- Introduced in House
2023-04-27T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr2972ih/xml/BILLS-118hr2972ih.xml
2023-04-27
Referred to the House Committee on Financial Services.
text/xml
EN
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