H.R. 851 · 111th Congress
Executive Compensation and Corporate Governance Act of 2009
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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.
No cosponsors.
Executive Compensation and Corporate Governance Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to direct the Secretary of the Treasury to require any institution assisted under the Troubled Asset Relief Program (TARP) to meet specified standards for executive compensation and corporate governance while any assistance under TARP…
What it does: CRS summary · Introduced in House · Feb 4, 2009
Executive Compensation and Corporate Governance Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to direct the Secretary of the Treasury to require any institution assisted under the Troubled Asset Relief Program (TARP) to meet specified standards for executive compensation and corporate governance while any assistance under TARP is outstanding.
Subjects all auction purchases of troubled assets to the prohibition against senior executive employment contract provision of golden parachutes.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Executive Compensation and Corporate Governance Act of 2009
Latest action (Feb 4, 2009): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Feb 4, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.