H.R. 1714 · 111th Congress
To require that the Board Compensation Committees required for financial institutions receiving assistance…
Full title
To require that the Board Compensation Committees required for financial institutions receiving assistance under the Troubled Assets Relief Program include the representation of the financial institution's lowest paid employees.
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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.
D
BradySponsorNo cosponsors.
Amends the Emergency Economic Stabilization Act of 2008 (EESA) to require that at least one member of the Board Compensation Committee of each Troubled Asset Relief Program (TARP) recipient reviewing the recipient's employee compensation plans be an employee of the recipient whose compensation is within the lowest 20% of compensation of all of the…
What it does: CRS summary · Introduced in House · Mar 25, 2009
Amends the Emergency Economic Stabilization Act of 2008 (EESA) to require that at least one member of the Board Compensation Committee of each Troubled Asset Relief Program (TARP) recipient reviewing the recipient's employee compensation plans be an employee of the recipient whose compensation is within the lowest 20% of compensation of all of the recipient's employees and executives.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To require that the Board Compensation Committees required for financial institutions receiving assistance under the Troubled Assets Relief Program include the representation of the financial institution's lowest paid employees.
Latest action (Mar 25, 2009): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Mar 25, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.