U.S. financial regulators, including the Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and Federal Housing Finance Agency (FHFA), have restarted work on a long-delayed project to develop compensation rules for executives at financial firms. The proposed rules aim to make executive compensation plans more sensitive to risk and prevent leaders of financial institutions from taking on excessive risk to boost their personal pay. The renewed effort follows a 2016 proposal and seeks to adopt new rules mandated by the 2010 Dodd-Frank financial reform law. The proposed rules would prohibit incentive-based plans that do not consider risks and allow for pay to be clawed back or forfeited. The plan would apply to banks with more than $1 billion in assets, with stricter requirements for firms with over $250 billion in assets. The National Credit Union Administration is expected to adopt the proposal soon, and the Securities and Exchange Commission has it on its rule-making agenda. However, the Federal Reserve has not announced any plans to issue the rule. The agencies responsible for the proposal are accepting comments on their respective websites. [599a3f63]