Failed Bank Executives Clawback Act

This bill requires banks with over $10 billion in assets to claw back certain executive compensation if the bank fails. It directly affects executives, directors, and controlling shareholders at large banks that cause significant financial harm or fail. The key provision mandates recovery of salary, bonuses, equity awards, and other covered compensation paid within the prior three years when a bank becomes insolvent or is resolved. Any recovered funds must be deposited into the Deposit Insurance Fund. This amends existing banking law to strengthen accountability for executive pay during bank failures.