HR 1673 · 111th Congress · Finance and Financial Sector

To amend the Emergency Economic Stabilization Act of 2008 with respect to bonus payments.

Introduced 2009-03-23· Sponsored by Rep. Lungren, Daniel E. [R-CA-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2009-03-23)

Plain Language Summary

[AI summary unavailable — showing source text] 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.)…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican
Rep. Wamp, Zach [R-TN-3]TN