HR 851 · 111th Congress · Finance and Financial Sector

Executive Compensation and Corporate Governance Act of 2009

Introduced 2009-02-04· Sponsored by Rep. Giffords, Gabrielle [D-AZ-8]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2009-02-04)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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