1. Short title This Act may be cited as the Bank Management Accountability Act . 2. Systemic risk determination (a) In general Section 13(c)(4)(G) of the Federal Deposit Insurance Act ( 12 U.S.C. 1823(c)(4)(G) ) is amended by adding at the end the following: (vi) Recoupment of compensation from senior executives and directors (I) In general The Corporation, as receiver or conservator of an insured depository institution under clause (i), may recover from any current or former senior executive or director of the insured depository institution, or of a covered affiliate with respect to the insured depository institution, who is substantially responsible for the failed condition of the insured depository institution, any compensation received during the 2-year period preceding the date on which the Corporation was appointed as the receiver or conservator of the insured depository institution, except that, in the case of fraud, no time limit shall apply. (II) Cost considerations In seeking to recover any compensation under subclause (I), the Corporation shall weigh the financial and deterrent benefits of that recovery against the cost of executing the recovery. (III) Personal liability Any liability insurance policy for a senior executive or director described in subclause (I) shall exclude from coverage any liability under this clause. (vii) Prohibition authority (I) In general The Corporation may take any action authorized by subclause (II), if the Corporation determines that— (aa) a senior executive or a director of an insured depository institution with respect to which the Corporation has taken action or provided assistance under clause (i), or of a covered affiliate with respect to such an insured depository institution, before the appointment of the Corporation as receiver or conservator, has, directly or indirectly— (AA) violated any law or regulation; (BB) violated any cease-and-desist order that has become final