Elizabeth Warren and Josh Hawley just teamed up on a bill that would let the government 'clawback lavish pay and bonuses when executives explode their bank'
Two unlikely Senate allies want to turn up the heat for executives who lead their banks to ruin, as politicians grapple with the fallout from theOn Wednesday, Democratic Sen. Elizabeth Warren and Republican Sen. Josh Hawley, along with Sens. Mike Braun and Catherine Cortez Masto, introduced a bill called"Failed Bank Executives Clawback Act," which would require that federal regulators"claw back" compensation of executives from the five-year period before their bank fails..
"Americans are sick and tired of fat cat bankers paying themselves handsomely while risking other people's hard earned money," she continued."It's time for Congress to step up and strengthen the law so bank executives bear the cost of failure, not line their pockets and walk away scot-free."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sen. Josh Hawley calls Nashville school shooting an anti-Christian hate crime“It is commonplace to call such horrors ‘senseless violence.’ But properly speaking, that is false,” Hawley wrote. “Police report that the attack here was ‘targeted’ — targeted, that is, against Ch…
Read more »
Nashville shooting: Josh Hawley calls for religious hate crime investigationSen HawleyMO is calling for a hate crime investigation in the wake of the Nashville Christian school shooting. “We need to be clear about the truth here. When you target Christians and religious believers, that’s a hate crime,” Hawley said.
Read more »
Josh Hawley's TikTok ban suffers another blowAnother Republican colleague put a wrench in Missouri Senator Josh Hawley's plans to get his TikTok ban passed with unanimous consent on Wednesday.
Read more »
After shooting, Josh Hawley has a new perspective on hate crimesHawley plays the victim card two years after being the lone “no” on a law protecting Asian Americans and Pacific Islanders from hate crimes. (via MaddowBlog)
Read more »