Failed Bank Executives Clawback Act

This bill requires the FDIC to reclaim certain compensation paid to executives at failed banks if they were responsible for the institution's failure. It defines "covered compensation" to include salary, bonuses, stock awards, and performance-based pay received within the previous five years. The FDIC would claw back this compensation and deposit the funds into the Deposit Insurance Fund. This directly affects bank executives at institutions that fail, ensuring they bear losses tied to their responsibility for the bank's condition.