S1045-118

Introduced

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 executives.

118th Congress Introduced Mar 29, 2023

Summary

What This Bill Does

The bill creates clawback Section 8(b) of the Federal Deposit Insurance Act (12 U.S.C and requires resolved insured depository institutions If an insured depository institution is resolved by the Federal Deposit Insurance Corporation, the creditors and shareholders of any corresponding depository institution. It relies on compliance mandates, definition changes, grants, and reporting requirements. The main policy areas are Financial Services and Finance.

Who Benefits and How

Public beneficiaries or protected communities affected by the clause could face reduced risk and Financial services firms and customers affected by the bill could gain revenue opportunities.

Who Bears the Burden and How

Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Regulated entities and members of the public affected by the bill would take on compliance duties.

Key Provisions

  • Creates clawback Section 8(b) of the Federal Deposit Insurance Act (12 U.S.C.
  • Requires resolved insured depository institutions If an insured depository institution is resolved by the Federal Deposit Insurance Corporation, the creditors and shareholders of any corresponding depository institution...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

The bill creates clawback Section 8(b) of the Federal Deposit Insurance Act (12 U.S.C and requires resolved insured depository institutions If an insured depository institution is resolved by the Federal Deposit Insurance Corporation, the creditors and shareholders of any corresponding depository institution.

Key Policy Areas

Financial Services, Finance

Primary Purpose

The bill creates clawback Section 8(b) of the Federal Deposit Insurance Act (12 U.S.C and requires resolved insured depository institutions If an insured depository institution is resolved by the Federal Deposit Insurance Corporation, the creditors and shareholders of any corresponding depository institution.

Policy Domains

Financial Services Finance

Whole bill

Identified Gains
  • Public beneficiaries or protected communities affected by the clause
  • Financial services firms and customers affected by the bill
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: is
Financial services firms and customers affected by the bill:
Public beneficiaries or protected communities affected by the clause: ,
Identified Costs
  • Federal, state, or local agencies responsible for implementing the clause
  • Regulated entities and members of the public affected by the bill
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: is
Regulated entities and members of the public affected by the bill:
Federal, state, or local agencies responsible for implementing the clause: ,

Legislative Progress

Introduced
Introduced Committee Passed
Mar 29, 2023

Ms. Warren (for herself, Mr. Hawley, Ms. Cortez Masto, and …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Financial Services Finance

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology