,,ii  #aah? ,,congress  #a/ ,session    
,s4 #ajde  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,m>* #bi1 #bjbc ,ms4   
,w>r5 7= h]self1 ,mr4 ,hawley1 ,ms4     
,cortez ,ma/o1 & ,mr4 ,braun7 introduc$ 
! foll[+ bill2 :i* 0 read twice & ref]r$
 to ! ,committee on ,bank+1 ,h\s+1 &    
,urban ,affairs  ,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 ,clawback ,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          
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 #bjd7;a77#c7 ( !     
,dodd-,frank ,wall ,/reet ,re=m &       
,consum] ,protection ,act 7#ab ,u4,s4,c4
 #echd7;a77#c77 is am5d$ by /rik+ !     
f9ancial company & ins]t+ ( a f9ancial  
company = :i* ! ,corporation is appo9t$ 
receiv]1 reg>dless ( ! process by :i* ! 
,corporation is appo9t$14  #d4 ,resolv$ 
insur$ depository in/itutions ,if an    
insur$ depository in/itution is resolv$ 
by ! ,f$]al ,deposit ,insurance         
,corporation1 ! cr$itors & %>ehold]s (  
any correspond+ depository in/itution   
hold+ company %all be> ! losses ( !     
insur$ depository in/itution4