Big banks must hold back executive pay to cover fines.
H.R. 9490 — Bank Failure Accountability Act · Filed by Rashida Tlaib (D-MI) · 3 cosponsors · Introduced Jun 25, 2026 · Referred to committee
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What it does
This bill targets large banks with over one billion dollars in assets. Banks must delay at least half of top executive pay. The delayed pay sits in a fund. If the bank gets fined or fails, that fund pays first. Federal insurance pays only after the fund runs out.
Who it affects
Bank executives at large institutions lose some pay if their bank fails or gets fined. Depositors who lose money when a bank fails get paid back from the delayed pay fund. Taxpayers may pay less into federal deposit insurance over time.
One thing to notice
Executives' own delayed pay becomes the first source of money to cover bank fines and failures.
From the analysis of the bill text, linked under Primary records below.
Where it stands
3 cosponsors: 3 Democrats.
- Jun 25, 2026 — Introduced · Congress.gov: “Introduced in House”
- Jun 25, 2026 — Referred to House Committee on Financial Services · Congress.gov: “Referred to the House Committee on Financial Services”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Words to know
- delayed pay — salary that a worker receives at a later time instead of right away
- depositors — people who put money into a bank account
- federal deposit insurance — government protection that repays depositors if a bank fails
- federal insurance — protection provided by the government to cover bank losses
How this was measured
Analysis — Quorum's AI read the full bill text on Jul 6, 2026; transparency and hidden-provision scores are compared against the median of 14,206 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-09-17.
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