Senate bill proposes seizing pay of failed bank executives.

Senators Sherrod Brown and Tim Scott have introduced a bill that would allow regulators to seize bank executives' compensation from the 24 months leading up to a failure, including salaries, bonuses, and profits from the sale of bank stock. The bill also triples the civil penalty that regulators could assess on an executive who "recklessly" violates the law or engages in "unsafe and unsound practices." The move comes as regulators investigate the collapse of Silicon Valley Bank, with Goldman Sachs under scrutiny for its role in advising the troubled bank on raising capital before it folded.