"Warren and Hawley propose clawback bill for bank execs' pay."
Senators Elizabeth Warren and Josh Hawley have introduced the Failed Bank Executives Clawback Act, which would allow federal regulators to claw back compensation of executives from the five-year period before their bank fails. The bill aims to hold bank executives accountable for their actions and prevent them from walking away with large payouts after a bank failure. The legislation comes in response to the recent collapse of Silicon Valley Bank and the limited ability of the Federal Deposit Insurance Corporation to recoup executives' compensation following a bank failure.