Sanctions are also suggested against non-executive directors of failed companies.
As a result, they say, policyholders of failed companies could wait at least two years for their money in many states.
It will analyze, among other failed companies, PlanetRX and Pets.com.
There are thousands of failed companies from the dot-com bubble of the late 1990s.
In finance, survivorship bias is the tendency for failed companies to be excluded from performance studies because they no longer exist.
Kenneth Feinberg, Washington's pay czar, has grappled more than anyone with the question of how much to pay executives at failed companies.
It is probably worse on the West Coast, laden with failed dot-com companies, legal experts say.
He was the chairman of Sacchettificio Monzese, a failed Italian company active in the envelopes market.
Republicans demanded that a similar $50 billion fund be removed from the Senate bill because they said it would encourage future bailouts of failed financial companies.
He taught at American University for a decade, analyzing failed companies as a sideline.