,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #bigb  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,april #bg1 #bjbc,ms4 
,port] 7= h]self1 ,mrs4 ,sp>tz1 ,mr4    
,gallego1 ,mr4 ,buck1 & ,ms4 ,p]ez7     
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to am5d ! ,f$]al ,deposit      
,insurance ,act to cl>ify t ! ,f$]al    
,deposit ,insurance ,corporation &      
appropriate ,f$]al regulators h !       
au?ority to claw back c]ta9 comp5sation 
paid to executives4  #a4 ,%ort title    
,?is ,act may be cit$ z ! ,fail$ ,bank  
,executives ,clawback ,act4  #b4 ,claw  
back ,section #h7;b7 ( ! ,f$]al ,deposit
 ,insurance ,act 7#ab ,u4,s4,c4         
#ahah7;b77 is am5d$ by ins]t+ aft]      
p>agraph 7#h7 ! foll[+3  7#i7 ,clawback 
7,a7 ,def9ition ,9 ?is p>agraph1 ! t]m  
cov]$ comp5sation means-- 7i7 sal>y2    
7ii7 bonuses2  7iii7 any comp5sation t  
is grant$1 e>n$1 or ve/$ bas$ :olly or 9
 "p ^u ! atta9m5t ( any f9ancial report+
 measure or o!r p]=mance metric2  7iv7  

equity-bas$ comp5sation2  7v7 "t- or    
s]vice-bas$ aw>ds2  7vi7 aw>ds bas$ on  
nonf9ancial metrics2 &  7vii7 any pr(its
 realiz$ f ! buy+ or sell+ ( securities4
  7,b7 ,clawback  7i7 ,liability (      
in/itution-affiliat$ p>ty ,an           
in/itution-affiliat$ p>ty t is          
sub/antially responsible = ! condition (
 ! insur$ depository in/itution is      
liable to ! ,corporation = any cov]$    
comp5sation claw$ back "u clause 7ii74  
7ii7 ,requir$ clawbacks ,9 ! case (     
insolv5cy or resolution ( any insur$    
depository in/itution1 ! ,corporation   
%all claw back all or "p ( ! cov]$      
comp5sation receiv$ by an               
in/itution-affiliat$ p>ty dur+ ! prec$+ 
#e ye>s z is necess>y to prev5t unju/   
enri*m5t & assure t ! p>ty be>s losses  
consi/5t ) ! responsibility ( ! p>ty4   
7iii7 ,deposit ,any cov]$ comp5sation   
claw$ back "u ?is subp>agraph %all be   
deposit$ into ! ,deposit ,insurance     
,fund or into ! g5]al fund ( !          
,treasury4  4  #c4 ,ord]ly liquidation (

 cov]$ f9ancial companies ,section #bjd 
( ! ,dodd-,frank ,wall ,/reet ,re=m &   
,consum] ,protection ,act 7#ab ,u4,s4,c4
 #echd7 is am5d$ by add+ at ! end !     
foll[+3  7e7 ,clawback  7#a7 ,def9ition 
,9 ?is subsection1 ! t]m cov]$          
comp5sation means-- 7,a7 sal>y2  7,b7   
bonuses2  7,c7 any comp5sation t is     
grant$1 e>n$1 or ve/$ bas$ :olly or 9 "p
 ^u ! atta9m5t ( any f9ancial report+   
measure or o!r p]=mance metric2  7,d7   
equity-bas$ comp5sation2  7,e7 "t- or   
s]vice-bas$ aw>ds2  7,f7 aw>ds bas$ on  
nonf9ancial metrics2 &  7,g7 any pr(its 
realiz$ f ! buy+ or sell+ ( securities4 
7#b7 ,clawback  7,a7 ,liability (       
in/itution-affiliat$ p>ty ,an           
in/itution-affiliat$ p>ty t is          
sub/antially responsible = ! condition (
 a cov]$ f9ancial company is liable to !
 ,corporation = any cov]$ comp5sation   
claw$ back "u subp>agraph 7,b74  7,b7   
,requir$ clawbacks ,9 ! case ( insolv5cy
 or resolution ( any cov]$ f9ancial     
company1 ! ,corporation %all claw back  

all or "p ( ! cov]$ comp5sation receiv$ 
by an in/itution-affiliat$ p>ty dur+ !  
prec$+ #e ye>s z is necess>y to prev5t  
unju/ enri*m5t & assure t ! p>ty be>s   
losses consi/5t ) ! responsibility ( !  
p>ty4  7,c7 ,deposit ,any cov]$         
comp5sation claw$ back "u ?is           
subp>agraph %all be deposit$ into !     
,deposit ,insurance ,fund or into !     
g5]al fund ( ! ,treasury4  4  #d4       
,liability to ! ,f$]al ,deposit         
,insurance ,corporation ,! ,bank ,hold+ 
,company ,act 7#ab ,u4,s4,c4 #ahda et   
seq47 is am5d$ by add+ at ! end !       
foll[+3  #ae4 ,liability to ! ,f$]al    
,deposit ,insurance ,corporation  7a7 ,9
 g5]al ,any bank hold+ company t has    
control ov] an insur$ depository        
in/itution = :i* ! ,corporation is      
appo9t$ & acts z receiv] "u section #aa 
( ! ,f$]al ,deposit ,insurance          
,corporation ,act %all be liable to !   
,corporation =-- 7#a7 any paym5ts f !   
,deposit ,insurance ,fund e/abli%$ "u   
section #aa ( ! ,f$]al ,deposit         

,insurance ,act to insur$ depositors (  
su* insur$ depository in/itution2  7#b7 
any co/s incurr$ by ! ,corporation z    
receiv] ( su* insur$ depository         
in/itution2 &  7#c7 any int]e/ on !     
am\nts describ$ 9 p>agraphs 7#a7 & 7#b74
  7b7 ,li5 aga9/ all assets  7#a7 ,9    
g5]al ,any liability ( a bank hold+     
company to ! ,corporation "u subsection 
7a7 %all be secur$ by a li5 on all      
assets ( su* bank hold+ company4  7#b7  
,specifications ,any li5 aris+ "u ?is   
subsection-- 7,a7 %all be deem$ to be   
automatically p]fect$2  7,b7 %all h     
priority ov] all o!r li5s1 irrespective 
( _! date ( creation or p]fection2 &    
7,c7 may n be avoid$ 9 a proce$+ "u     
title #aa1 ,unit$ ,/ates ,code4  7c7    
,priority ( liability  7#a7 ,9 g5]al    
,any liability ( a bank hold+ company to
 ! ,corporation "u subsection 7a7 %all h
 paym5t priority ov] all o!r liabilities
 ( & int]e/s 9 ! bank hold+ company4    
7#b7 ,cl>ify+ rule ,no paym5t %all be   
made to any o!r cr$itor or %>ehold] ( ! 

bank hold+ company until ! liability to 
! ,corporation "u ?is section has be5   
paid 9 full4  7d7 ,def9itions ,9 ?is    
section3 7#a7 ,insur$ depository        
in/itution ,! t]m insur$ depository     
in/itution has ! mean+ giv5 ! t]m 9     
section #c ( ! ,f$]al ,deposit          
,insurance ,act4  7#b7 ,corporation ,!  
t]m ,corporation means ! ,f$]al ,deposit
 ,insurance ,corporation4  4