,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #dbjh  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,june #bj1 #bjbc,ms4  
,wat]s 7= h]self1 ,ms4 ,velzquez1 ,mr4  
,%]man1 ,mr4 ,david ,scott ( ,georgia1  
,mr4 ,cleav]1 ,mrs4 ,beatty1 ,mr4       
,v>gas1 ,mr4 ,hors=d1 ,ms4 ,tlaib1 ,ms4 
,g>cia ( ,texas1 & ,mr4 ,gre5 ( ,texas7 
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to provide ,f$]al f9ancial     
regulators ) clawback au?ority ov]      
executive comp5sation & additional      
indu/ry prohibition & civil money p5alty
 au?ority ) respect to executives ^:    
neglig5ce caus$ f9ancial loss to !      
applicable f9ancial in/itution1 & = o!r 
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,fail$ ,bank ,executives   
,acc\ntability & ,consequ5ces ,act4  #b4
 ,s5se ( ,congress ,x is ! s5se ( !     
,congress t--  7#a7 f9ancial regulators 
& law en=cem5t ag5cies %\ld fully       
ex]cise ! maximum ext5t ( _! au?orities 
to inve/igate & use available en=cem5t  

tools to hold executive (fic]s & bo>d   
memb]s at ,silicon ,valley ,bank1       
,signature ,bank1 ,fir/ ,republic ,bank1
 & any o!r bank t fails fully acc\ntable
 = any misconduct 9 :i* !y are f\nd to h
 engag$2 &  7#b7 ! ,bo>d ( ,gov]nors ( !
 ,f$]al ,res]ve ,sy/em1 ! ,(fice ( !    
,comptroll] ( ! ,curr5cy1 ! ,bo>d (     
,directors ( ! ,f$]al ,deposit          
,insurance ,corporation1 ! ,national    
,cr$it ,union ,adm9i/ration ,bo>d1 !    
,securities & ,ex*ange ,commission1 !   
,f$]al ,h\s+ ,f9ance ,ag5cy %\ld jo9tly 
f9alize ! regulations or guidel9es      
requir$ "u section #ief ( ! ,inve/or    
,protection & ,securities ,re=m ,act (  
#bjaj1 & ^? regulations or guidel9es    
%\ld include robu/ clawback requirem5ts4
  #c4 ,clawback au?ority  7a7 ,9 g5]al  
,section #h ( ! ,f$]al ,deposit         
,insurance ,act 7#ab ,u4,s4,c4 #ahah7 is
 am5d$ by add+ at ! end ! foll[+3  7x7  
,rec\pm5t ( comp5sation f executive     
(fic]s & directors  7#a7 ,9 g5]al ,dur+ 
any p]iod 9 :i* ! ,corporation is act+ z

 cons]vator or receiv] = an insur$      
depository in/itution1 ! ,corporation   
may recov]1 f any curr5t or =m]         
executive (fic] or director ( su* insur$
 depository in/itution ^: neglig5ce     
caus$ f9ancial loss to su* insur$       
depository in/itution1 any comp5sation  
receiv$ dur+ ! #b-ye> p]iod prec$+ !    
date on :i* ! ,corporation 0 appo9t$ z !
 cons]vator or receiv] ( ! insur$       
depository in/itution1 except t1 9 !    
case ( fraud1 no "t limit %all apply4   
7#b7 ,rulemak+ ,! ,corporation %all     
promulgate regulations to implem5t !    
requirem5ts ( ?is subsection1 includ+   
def9+ ! t]m comp5sation to mean any     
f9ancial remun]ation1 includ+ sal>y1    
bonuses1 inc5tives1 b5efits1 sev]ance1  
def]r$ comp5sation1 or gold5 p>a*ute    
b5efits1 & any pr(its realiz$ f ! sale (
 ! securities ( ! insur$ depository     
in/itution 7or ! securities ( an        
affiliate ( ! insur$ depository         
in/itution74  4  7b7 ,clawback au?ority 
relat+ to ord]ly liquidation au?ority   

,section #baj7s77#a7 ( ! ,dodd-,frank   
,wall ,/reet ,re=m & ,consum]           
,protection ,act is am5d$ z foll[s3     
7#a7 ,9 g5]al ,! ,corporation1 z receiv]
 ( a cov]$ f9ancial company1 may recov] 
f any curr5t or =m] executive (fic] or  
director ^: neglig5ce caus$ f9ancial    
loss to ! cov]$ f9ancial company any    
comp5sation receiv$ dur+ ! #b-ye> p]iod 
prec$+ ! date on :i* ! ,corporation 0   
appo9t$ z ! receiv] ( ! cov]$ f9ancial  
company1 except t1 9 ! case ( fraud1 no 
"t limit %all apply4  4  #d4 ,removal & 
prohibition au?ority 9 ! case (         
in/itution failure  7a7 ,9 g5]al        
,section #h7;e7 ( ! ,f$]al ,deposit     
,insurance ,act 7#ab ,u4,s4,c4          
#ahah7;e77 is am5d$---  7#a7 by         
r$esignat+ p>agraphs 7#c71 7#d71 7#e71  
7#f71 & 7#g7 z p>agraphs 7#d71 7#e71    
7#f71 7#g71 & 7#h71 respectively2 &     
7#b7 by ins]t+ aft] p>agraph 7#b7 !     
foll[+3  7#c7 ,susp5sion1 removal1 &    
prohibition f p>ticipation ord]s 9 !    
case ( in/itution failure ,:5ev] !      

appropriate ,f$]al bank+ ag5cy det]m9es 
t an in/itution-affiliat$ p>ty has      
neglig5tly caus$ f9ancial loss to any   
insur$ depository in/itution t has      
fail$1 ! appropriate ,f$]al bank+ ag5cy 
= ! depository in/itution may s]ve ^u   
su* p>ty a writt5 notice ( ! ag5cy's    
int5tion to prohibit any fur!r          
p>ticipation by su* p>ty1 9 any mann]1 9
 ! conduct ( ! affairs ( any insur$     
depository in/itution4  4  7b7 ,con=m+  
am5dm5t ,! ,f$]al ,deposit ,insurance   
,act 7#ab ,u4,s4,c4 #ahaa et seq47 is   
am5d$--  7#a7 9 section #h-- 7,a7 9     
subsection 7e7--  7i7 9 p>agraph 7#c71  
by /rik+ "u p>agraph 7#a7 or 7#b7 ea*   
place x occurs & ins]t+ "u p>agraphs    
7#a71 7#b71 or 7#c72 &  7ii7 9 p>agraph 
7#g71 z s r$esignat$1 by /rik+ p>agraph 
7#g77;,a7 & ins]t+ p>agraph 7#h77;,a72  
7,b7 9 subsection 7f71 by /rik+         
subsection 7e77#c7 & ins]t+ subsection  
7e77#d72  7,c7 9 subsection             
7g77#a77;,d77ii71 by /rik+ p>agraph     
7#a71 7#b71 or 7#c7 ( subsection 7e7 &  

ins]t+ p>agraph 7#a71 7#b71 or 7#d7 (   
subsection 7e72 &  7,d7 9 subsection    
7j71 by /rik+ subsection 7e77#f7 &      
ins]t+ subsection 7e77#g72 &  7#b7 9    
section #aj7k77#f7--  7,a7 9 subp>agraph
 7,a77i71 by /rik+ section #h7;e77#d7 = 
writt5 notices or ord]s "u p>agraph 7#a7
 or 7#b7 ( section #h7;e7 & ins]t+      
section #h7;e77#e7 = writt5 notices or  
ord]s "u p>agraph 7#a71 7#b71 or 7#c7 ( 
section #h7;e72 &  7,b7 9 subp>agraph   
7,b71 by /rik+ p>agraphs 7#f7 & 7#g7 (  
section #h7;e7 & ins]t+ p>agraphs 7#g7 &
 7#h7 ( section #h7;e74  #e4 ,f9es =    
fail$ bank executives  7a7 ,9 g5]al     
,section #h7;i77#b7 ( ! ,f$]al ,deposit 
,insurance ,act 7#ab ,u4,s4,c4          
#ahah7;i77#b77 is am5d$ by-- 7#a7       
r$esignat+ subp>agraphs 7,d71 7,e71     
7,f71 7,g71 7,h71 7,i71 7,j71 & 7,k7 z  
p>agraphs 7,e71 7,f71 7,g71 7,h71 7,i71 
7,j71 7,k71 & 7,l71 respectively2 &3    
7#b7 by ins]t+ aft] subp>agraph 7,c71 ! 
foll[+3  7,d7 ,f9es = contribut+ to     
in/itution failure  7i7 ,fir/ ti]       

,not)/&+ subp>agraphs 7,a71 7,b71 &     
7,c71 any executive (fic] or director :o
 has neglig5tly caus$ f9ancial loss to  
any insur$ depository in/itution t has  
fail$ %all =feit & pay a civil p5alty ( 
n m ?an #be1jjj = ea* day dur+ :i* su*  
conduct occurr$4  7ii7 ,second ti]      
,not)/&+ subp>agraphs 7,a71 7,b71 &     
7,c71 any executive (fic] or director :o
 kn[+ly or recklessly caus$ f9ancial    
loss to any insur$ depository in/itution
 t has fail$ %all =feit & pay a civil   
p5alty 9 an am\nt n to exce$ !          
applicable maximum am\nt det]m9$ "u     
subp>agraph 7,e7 = ea* day dur+ :i* su* 
conduct occurr$4  4  7b7 ,con=m+        
am5dm5ts ,section #h7;i77#b7 ( ! ,f$]al 
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahah7;i77#b771 z am5d$ by subsection   
7a7 is fur!r am5d$--  7#a7 9 subp>agraph
 7,e71 by /rik+ to subp>agraph 7,c7 &   
ins]t+ to subp>agraph 7,c7 or 7,d72     
7#b7 9 subp>agraph 7,f7--  7,a7 by /rik+
 "u subp>agraph 7,a71 7,b71 or 7,c7 &   
ins]t+ "u subp>agraph 7,a71 7,b71 7,c71 

or 7,d72 &  7,b7 by /rik+ subp>agraph   
7,h7 & ins]t+ subp>agraph 7,i72  7#c7 9 
subp>agraph 7,g71 by /rik+ "u           
subp>agraph 7,a71 7,b71 or 7,c7 & ins]t+
 "u subp>agraph 7,a71 7,b71 7,c71 or    
7,d72 &  7#d7 9 subp>agraph 7,h71 by    
/rik+ "u subp>agraph 7,a71 7,b71 or 7,c7
 & ins]t+ "u subp>agraph 7,a71 7,b71    
7,c71 or 7,d74  #f4 ,rule ( con/ruction 
,?is ,act & ! am5dm5ts made by ?is ,act 
may n be con/ru$ to limit ! en=cem5t    
au?orities t f9ancial regulators & law  
en=cem5t ag5cies _h1 prior to ! date (  
enactm5t ( ?is ,act1 to hold executive  
(fic]s & bo>d memb]s ( insur$ depository
 in/itutions & cov]$ f9ancial companies 
acc\ntable = any misconduct 9 :i* !y are
 f\nd to h engag$4