,,ii  #aahth ,,congress  #ast ,session  
,s4 #ajde  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,march #bi1    
#bjbc ,ms4 ,warren 7for herself1 ,mr4   
,hawley1 ,ms4 ,cortez ,masto1 and ,mr4  
,braun7 introduced the following bill2  
which was read twice and referred to the
 ,committee on ,banking1 ,housing1 and  
,urban ,affairs  ,a ,,bill  ,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 executives4  #a4 ,short title ,this  
,act may be cited as the ,failed ,bank  
,executives ,clawback ,act4  #b4        
,clawback ,section #h7;b7 of the        
,federal ,deposit ,insurance ,act 7#ab  
,u4,s4,c4 #ahah7;b77 is amended by      
inserting after paragraph 7#h7 the      
following3  7#i7 ,clawback  7,a7        
,definition ,in this paragraph1 the term
 covered compensation means-- 7i7       
salary2  7ii7 bonuses2  7iii7 any       

compensation that is granted1 earned1 or
 vested based wholly or in part upon the
 attainment of any financial reporting  
measure or other performance metric2    
7iv7 equity-based compensation2  7v7    
time- or service-based awards2  7vi7    
awards based on nonfinancial metrics2   
and  7vii7 any profits realized from the
 buying or selling of securities4  7,b7 
,clawback  7i7 ,liability of            
institution-affiliated party ,an        
institution-affiliated party that is    
responsible for the condition of the    
insured depository institution is liable
 to the ,corporation for any covered    
compensation clawed back under clause   
7ii74  7ii7 ,required clawbacks ,in the 
case of insolvency or resolution of any 
insured depository institution1 the     
,corporation shall claw back all or part
 of the covered compensation received by
 an institution-affiliated party during 
the preceding #e years as is necessary  
to prevent unjust enrichment and assure 
that the party bears losses consistent  

with the responsibility of the party4   
7iii7 ,deposit ,any covered compensation
 clawed back under this subparagraph    
shall be deposited into the ,deposit    
,insurance ,fund or into the general    
fund of the ,treasury4  4  #c4 ,orderly 
liquidation of covered financial        
companies ,section #bjd7;a77#c7 of the  
,dodd-,frank ,wall ,street ,reform and  
,consumer ,protection ,act 7#ab         
,u4,s4,c4 #echd7;a77#c77 is amended by  
striking the financial company and      
inserting of a financial company for    
which the ,corporation is appointed     
receiver1 regardless of the process by  
which the ,corporation is appointed14   
#d4 ,resolved insured depository        
institutions ,if an insured depository  
institution is resolved by the ,federal 
,deposit ,insurance ,corporation1 the   
creditors and shareholders of any       
corresponding depository institution    
holding company shall bear the losses of
 the insured depository institution4