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.
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
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
- Financial services firms and customers affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Regulated entities and members of the public affected by the bill
Sponsors
Legislative Progress
IntroducedMs. 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?
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.
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