A 2026 bipartisan Senate bill mandates FDIC to reclaim bonuses from executives at failing large banks, targeting accountability after taxpayer bailouts.

A bipartisan Senate bill introduced in March 2026 by Sens. Elizabeth Warren and Josh Hawley would require the FDIC to reclaim bonuses and compensation from executives at failing large banks, targeting accountability after taxpayer-funded bailouts. The legislation, spurred by the 2023 collapse of Silicon Valley Bank and two other lenders, mandates clawbacks for executives found responsible, including proceeds from pre-collapse stock sales. Backed by several Democrats and Republicans, it aims to align executive incentives with long-term bank stability and respond to regulatory failures and risky compensation practices. While the bill reflects growing bipartisan concern over banking accountability, it faces challenges in Congress amid competing priorities.