Sen. Cramer Cosponsors Bill to Claw Back Failed Bank Executive Pay
June 02, 2023
June 02, 2023
WASHINGTON, June 2 -- Sen. Kevin Cramer, R-North Dakota, issued the following news release:
U.S. Senator Kevin Cramer (R-ND) joined Senator Elizabeth Warren (D-MA) in introducing the Failed Bank Executives Clawback Act, bipartisan legislation requiring federal regulators to claw back up to three years of compensation given to bank executives, board members, controlling shareholders, and other key decision-makers in the event of a failure or resolution. This gives bank regulators the . . .
U.S. Senator Kevin Cramer (R-ND) joined Senator Elizabeth Warren (D-MA) in introducing the Failed Bank Executives Clawback Act, bipartisan legislation requiring federal regulators to claw back up to three years of compensation given to bank executives, board members, controlling shareholders, and other key decision-makers in the event of a failure or resolution. This gives bank regulators the . . .