Warren, Vance, Bipartisan Group of Senators Renew Push for Legislation to Claw Back Big Failed Bank Executive Pay

Press Release

Date: June 1, 2023
Location: Washington, D.C.

"Nearly three months after the collapse of Silicon Valley Bank, a bipartisan group of Senators is demonstrating a serious commitment to pass legislation requiring financial regulators to claw back pay from executives when they implode their bank. Congress must answer the President's call for stronger laws to hold failed bank executives accountable, and I'm determined to work with lawmakers on both sides of the aisle in the Senate Banking, Housing, and Urban Affairs Committee to deliver change."