HR 7886 · 119th Congress

To provide Federal financial regulators with clawback authority over executive compensation and additional industry prohibition and civil money penalty authority with respect to executives whose negligence caused financial loss to the applicable financial institution, and for other purposes.

This bill creates new tools for federal banking regulators to hold bank executives and board members accountable when their negligence causes a bank to fail. Specifically, it gives regulators the power to claw back (take back) compensation that executives received in the two years before a bank failure—including sal…

Sponsor

Waters, Maxine (D-California)

Introduced

2026-03-09

Policy area

Finance and Financial Sector