. (b) Clawback authority relating to orderly liquidation authority Section 210(s)(1) of the Dodd-Frank Wall Street Reform and Consumer Protection Act is amended as follows: (1) In general The Corporation, as receiver of a covered financial company, may recover from any current or former executive officer or director whose negligence caused financial loss to the covered financial company any compensation received during the 2-year period preceding the date on which the Corporation was appointed as the receiver of the covered financial company, except that, in the case of fraud, no time limit shall apply. . 4. Removal and prohibition authority in the case of institution failure (a) In general Section 8(e) of the Federal Deposit Insurance Act ( 12 U.S.C. 1818(e) ) is amended-— (1) by redesignating paragraphs (3), (4), (5), (6), and (7) as paragraphs (4), (5), (6), (7), and (8), respectively