S. 4050: Failed Bank Executives Clawback Act

S. 4050 is a federal bill in the 119th Congress. Under current law, banking regulators have limited and disputed powers to recover money paid to executives when a large bank fails. This bill clarifies and expands the legal authority of the Federal Deposit Insurance Corporation and other regulators to… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.