3.0.0 1790 2025-05-27T14:15:52Z 2025-05-27T14:15:52Z Senate S S 2023-06-01 118 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred To 2023-06-01T17:08:27Z 118 2972 HR 2023-04-27 Referred to the House Committee on Financial Services. Related bill CRS 118 1045 S 2023-05-17 Committee on Banking, Housing, and Urban Affairs. Hearings held. Related bill CRS 2023-06-01 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2023-06-01 Introduced in Senate IntroReferral 10000 9 Library of Congress W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. N H001089 Sen. Hawley, Josh [R-MO] Josh Hawley R MO 2023-06-01 True C001113 Sen. Cortez Masto, Catherine [D-NV] Catherine Cortez Masto D NV 2023-06-01 True B001310 Sen. Braun, Mike [R-IN] Mike Braun R IN 2023-06-01 True V000137 Sen. Vance, J. D. [R-OH] J. Vance R OH D. 2023-06-01 True M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ 2023-06-01 True W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. 2023-06-01 True V000128 Sen. Van Hollen, Chris [D-MD] Chris Van Hollen D MD 2023-06-01 True S001203 Sen. Smith, Tina [D-MN] Tina Smith D MN 2023-06-01 True B001319 Sen. Britt, Katie Boyd [R-AL] Katie Britt R AL 2023-06-01 True C001096 Sen. Cramer, Kevin [R-ND] Kevin Cramer R ND 2023-06-01 True W000790 Sen. Warnock, Raphael G. [D-GA] Raphael Warnock D GA 2023-06-01 True F000479 Sen. Fetterman, John [D-PA] John Fetterman D PA K. 2023-06-01 True Finance and Financial Sector Finance and Financial Sector 2023-06-27T15:00:35Z

00 2023-06-01 Introduced in Senate 2023-11-17T14:52:02Z <p><b>Failed Bank Executives Clawback Act </b></p> <p>This bill requires the Federal Deposit Insurance Corporation (FDIC) to claw back compensation from specific responsible parties in case of a large insured depository institution's insolvency, resolution, or receivership. This clawback requirement applies to an entity (including a director, shareholder, or other person who participates in the conduct of the institution's affairs) that caused more than a minimal financial loss to, or a significant adverse effect on, the insured depository institution. The compensation subject to the clawback requirement includes salary, bonuses, awards, and any profits realized from the buying or selling of securities during the preceding three years. </p> <p>The bill also expands the authority of the FDIC to claw back compensation of parties responsible for financial losses incurred by a financial company regardless of the process by which it is appointed receiver.</p>

Display Title 45 2024-07-24T15:21:50Z Short Title(s) as Introduced 101 2024-05-24T13:39:16Z Introduced in Senate IS Official Title as Introduced 6 2023-06-23T02:58:55Z Introduced in Senate IS Introduced in Senate 2023-06-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s1790is/xml/BILLS-118s1790is.xml 2023-06-01 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.