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H.R. 1572 111th Congress House

Taxpayer Protection Act

Official title: To amend the Internal Revenue Code of 1986 to impose a 90 percent tax on bonuses paid by business that receive TARP assistance.

Introduced: March 17, 2009 Introduced by: Mike Thompson Democratic · California See on congress.gov
Taxation Corporate finance and managementFinancial crises and stabilizationIncome tax ratesWages and earnings
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 17, 2009
Referred to the House Committee on Ways and Means.
Mar 17, 2009
Introduced in House
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 Latest action March 17, 2009

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Taxpayer Protection Act - Amends the Internal Revenue Code to impose a 90% income tax on bonuses paid to employees after 2008 by entities that received financial assistance under the Troubled Asset Relief Program (TARP).

 Related & companion bills 8
  • HR 1518 Bailout Bonus Tax Bracket Act of 2009
  • HR 1527 To amend the Internal Revenue Code of 1986 to impose a higher rate of tax on bonuses paid by certain businesses owned b…
  • HR 1542 To amend the Internal Revenue Code of 1986 to impose a 100 percent tax on bonuses paid by businesses that receive TARP …
  • HR 1543 To amend the Internal Revenue Code of 1986 to impose a tax on bonuses received from companies receiving TARP funds.
  • HR 1586 FAA Air Transportation Modernization and Safety Improvement Act
  • HR 1598 AIG Key Executives Bonus Accountability and Capture (TAKE BACK) Act
  • HR 1801 To amend the Internal Revenue Code of 1986 to impose a 70 percent tax on certain compensation received from certain com…
  • HR 3452 Recoupment of Wall Street Bonus Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 1572: Taxpayer Protection Act. 111th Congress. Open America. https://openamerica.io/bill/111-HR-1572/
MLA
"H.R. 1572: Taxpayer Protection Act." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-1572/.
Bluebook (legal)
H.R. 1572, 111th Cong. (2026), https://openamerica.io/bill/111-HR-1572/.
Markdown link
[H.R. 1572: Taxpayer Protection Act](https://openamerica.io/bill/111-HR-1572/)
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