# 119-s-4050: Failed Bank Executives Clawback Act

119-s-4050, Failed Bank Executives Clawback Act, is a 119th Congress bill sponsored by Sen. Warren, Elizabeth [D-MA] (D-MA); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-4050
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4050
- Congress: 119
- Title: Failed Bank Executives Clawback Act
- Status: introduced
- Introduced: 2026-03-11
- Sponsor: Sen. Warren, Elizabeth [D-MA] (D-MA)
- Cosponsors: 13
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**A federal clawback system to recover pay from executives of failed banks.** The bill would let the Federal Deposit Insurance Corporation and other federal regulators reclaim broad categories of compensation from covered parties tied to insured depository institutions with more than $10 billion in assets when the institution becomes insolvent, enters resolution, or the FDIC is appointed receiver. - Executives and insiders: Directors, officers, controlling stockholders and others found primarily responsible could face clawbacks of salary, bonuses, equity awards, time- or service-based awards, awards tied to performance metrics, and profits realized from securities. The clawback scope covers pay received in the prior 3 years and applies to institutions with more than $10 billion in assets. - Deposit Insurance Fund: Any amounts recovered must be deposited into the Deposit Insurance Fund to help cover losses tied to the failed institution. - Regulatory reach: The bill would also clarify that the FDIC's orderly liquidation authority applies regardless of how the FDIC is appointed receiver and explicitly authorizes the FDIC to pursue these compensation recoveries.

## Cosponsors (13)

- Sen. Hawley, Josh [R-MO] (R-MO), 2026-03-11T00:00:00.000Z
- Sen. Cortez Masto, Catherine [D-NV] (D-NV), 2026-03-11T00:00:00.000Z
- Sen. Britt, Katie Boyd [R-AL] (R-AL), 2026-03-11T00:00:00.000Z
- Sen. Gallego, Ruben [D-AZ] (D-AZ), 2026-03-11T00:00:00.000Z
- Sen. Cramer, Kevin [R-ND] (R-ND), 2026-03-11T00:00:00.000Z
- Sen. Warner, Mark R. [D-VA] (D-VA), 2026-03-11T00:00:00.000Z
- Sen. Van Hollen, Chris [D-MD] (D-MD), 2026-03-11T00:00:00.000Z
- Sen. Smith, Tina [D-MN] (D-MN), 2026-03-11T00:00:00.000Z
- Sen. Warnock, Raphael G. [D-GA] (D-GA), 2026-03-11T00:00:00.000Z
- Sen. Fetterman, John [D-PA] (D-PA), 2026-03-11T00:00:00.000Z
- Sen. Kim, Andy [D-NJ] (D-NJ), 2026-03-11T00:00:00.000Z
- Sen. Blunt Rochester, Lisa [D-DE] (D-DE), 2026-03-11T00:00:00.000Z
- Sen. Alsobrooks, Angela D. [D-MD] (D-MD), 2026-03-11T00:00:00.000Z

## Provisions PRIA read

- Clawbacks for big bank executives: cost, medium. This bill would require the FDIC to recover pay from certain leaders at insured banks with more than $10 billion in assets. The clawback would apply if the bank is insolvent, in resolution, or the FDIC is appointed receiver. The FDIC would be able to recover covered compensation paid in the precedi…

## Related bills

- 119-s-5066: Health Equity and Accountability Act of 2026
- 119-s-1032: Major Richard Star Act
- 119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former United States Senator for the State of Kansas.
- 119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewellyn Kyl, former Senator for the State of Arizona.
- 119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham, a Senator from the State of South Carolina.
- 119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former Senator for the State of Michigan.

## Sources
- [119-s-4050 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4050)

## Related
- [119-s-5066: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-s-5066)
- [119-s-1032: Major Richard Star Act](https://policyrisk.com/legislation/119-s-1032)
- [119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former Uni…](https://policyrisk.com/legislation/119-sres-913)
- [119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewel…](https://policyrisk.com/legislation/119-sres-897)
- [119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham,…](https://policyrisk.com/legislation/119-sres-801)
- [119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former S…](https://policyrisk.com/legislation/119-sres-755)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4050 (as of 2026-04-21).