,,ii  #aai? ,,congress  #b;d ,session   
,s4 #djej  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,m>* #aa1 #bjbf,ms4    
,w>r5 7= h]self1 ,mr4 ,hawley1 ,ms4     
,cortez ,ma/o1 ,mrs4 ,britt1 ,mr4       
,gallego1 ,mr4 ,cram]1 ,mr4 ,w>n]1 ,mr4 
,van ,holl51 ,ms4 ,smi?1 ,mr4 ,w>nock1  
,mr4 ,fett]man1 ,mr4 ,kim1 ,ms4 ,blunt  
,ro*e/]1 & ,ms4 ,alsobrooks7 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$]al       
regulators h ! au?ority to claw back    
c]ta9 comp5sation paid to executives1 & 
= o!r purposes4  #a4 ,%ort title ,?is   
,act may be cit$ 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 ,def9itions ,9 ?is p>agraph3 7i7   

,cov]$ comp5sation ,! t]m cov]$         
comp5sation means-- 7,i7 sal>y2  7,,ii7 
bonuses2  7,,iii7 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,,iv7 
equity-bas$ comp5sation2  7,v7 "t- or   
s]vice-bas$ aw>ds2  7,,vi7 aw>ds bas$ on
 nonf9ancial metrics2 &  7,,vii7 any    
pr(its realiz$ f ! buy+ or sell+ (      
securities4  7ii7 ,cov]$ p>ty  7,i7 ,9  
g5]al ,! t]m cov]$ p>ty means an entity 
describ$ 9 subclause 7,,ii7 ) respect to
 an insur$ depository in/itution t caus$
 m ?an a m9imal f9ancial loss to1 or a  
significant adv]se effect on1 ! insur$  
depository in/itution4  7,,ii7 ,entities
 describ$ ,an entity describ$ 9 ?is     
subclause is any ( ! foll[+3 7aa7 ,any  
director1 (fic]1 or controll+ /ockhold] 
7o!r ?an a bank hold+ company or sav+s &
 loan hold+ company7 ( an insur$        
depository in/itution4  7bb7 ,any o!r   
p]son :o has fil$ or is requir$ to file 
a *ange-9-control notice ) ! appropriate

 ,f$]al bank+ ag5cy "u section #g7;j74  
7cc7 ,any %>ehold] 7o!r ?an a bank hold+
 company or sav+s & loan hold+ company71
 jo9t v5ture p>tn]1 & any o!r p]son z   
det]m9$ by ! appropriate ,f$]al bank+   
ag5cy 7by regulation or case-by-case7   
:o-- 7,,aa7 p>ticipates 9 ! conduct ( ! 
affairs ( an insur$ depository          
in/itution2 & 7,,bb7 0 f\nd by !        
appropriate ,f$]al bank+ ag5cy to be    
prim>ily responsible = ! fail$ condition
 ( ! insur$ depository in/itution4  7,b7
 ,clawback  7i7 ,liability ( cov]$ p>ty 
,a cov]$ p>ty ) respect to an insur$    
depository in/itution ) total assets m  
?an #aj1jjj1jjj1jjj is liable to !      
,corporation = any cov]$ comp5sation    
claw$ back "u clause 7ii74  7ii7        
,requir$ clawbacks ,9 ! case (          
insolv5cy1 resolution1 or ! appo9tm5t ( 
! ,corporation z receiv] ( any insur$   
depository in/itution ) total assets m  
?an #aj1jjj1jjj1jjj1 ! ,corporation %all
 claw back all or "p ( ! cov]$          
comp5sation receiv$ by any cov]$ p>ty ) 

respect to ! insur$ depository          
in/itution dur+ ! prec$+ #c ye>s4  7iii7
 ,deposit ,any cov]$ comp5sation claw$  
back "u ?is subp>agraph %all be deposit$
 into ! ,deposit ,insurance ,fund4  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