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S. 2190, RECOUP Act of 2023 (CBO Report for Congress)

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Congress 118th
Date Requested June 22, 2023
Requested By the Senate Committee on Banking, Housing, and Urban Affairs
Date Sent May 30, 2024
Description:
S. 2190 would grant the Federal Deposit Insurance Corporation (FDIC) the authority to recover bonus compensation from senior bank executives in the event an institution fails. The bill also would expand reporting requirements for the FDIC, the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Federal Reserve. 

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