Failures in the banking sector that nearly tanked the economy earlier this year resulted in a spate of legislative proposals aimed at punishing executives and reining in the banking sector. They range from a Bernie Sanders (I-Vt.) plan to prohibit bankers from serving on Federal Reserve boards and acting as their own regulators to one from J.D. Vance (R-Ohio) and other senators diminishing failed bank executives’ enormous levels of pay. But it is the RECOUP Act, sponsored by Banking Committee chair Sherrod Brown (D-Ohio), that was marked up in the Senate in June and could be the proposal most likely to make it into law, provided the House is interested in the bill as well. Senato
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