H.R. 1673 · 111th Congress
To amend the Emergency Economic Stabilization Act of 2008 with respect to bonus payments.
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
LungrenSponsor1 cosponsor · 1 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Amends the Emergency Economic Stabilization Act of 2008 (EESA) to repeal the statement that the prohibition against bonus, retention award, or incentive compensation to recipients under the Troubled Asset Relief Program (TARP) shall not be construed to prohibit any bonus payment required to be paid pursuant to a written employment contract executed on or…
What it does: CRS summary · Introduced in House · Mar 23, 2009
Amends the Emergency Economic Stabilization Act of 2008 (EESA) to repeal the statement that the prohibition against bonus, retention award, or incentive compensation to recipients under the Troubled Asset Relief Program (TARP) shall not be construed to prohibit any bonus payment required to be paid pursuant to a written employment contract executed on or before February 11, 2009, as such valid employment contracts are determined by the Secretary of the Treasury (or designee).
(Thus makes no exceptions to the prohibition.)
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Emergency Economic Stabilization Act of 2008 with respect to bonus payments.
Latest action (Mar 23, 2009): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Mar 23, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.