Warren, a Massachusetts Democrat, and Vance, an Ohio Republican, worked hand-in-hand to craft the latest iteration of the bill and assemble key co-sponsors.
’s push to hit the executives of failed banks with sharper penalties is getting a big boost from an unexpected conservative partner — Sen.Warren on Thursday unveiled Congress’s most politically viable response yet to the economy-shaking collapse of Silicon Valley Bank,that would require the government to claw back executive compensation at large failed banks in a bid to deter excessive risk-taking.
“This is not just for show,” Warren said in an interview. “We actually want to make change, and we’ve got a bill where we can get this done.” to schedule a vote. A Brown spokesperson said holding failed bank executives accountable is a priority and that he’s working on the set of issues with committee members.
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