This only applies to executives so everyone else can still make whatever they want without even needing a loophole (and the minority will likely find a loophole)
Additionally, it does not apply retroactively, so if the company does not *go back* to the federal trough after the Rule is made, there is no restriction.
So, the Obama administration is going to look pretty bad when one of these banks (probably Goldman Sachs, whose notorious for this crap) keeps giving executives millions of dollars through some amusing loophole and it gets reported on by the press.