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HR 1577 111th Congress House

To require the Secretary of the Treasury to pursue every legal means to stay or recoup certain incentive bonus payments and retention payments made by American International Group, Inc. to its…

Official title: To require the Secretary of the Treasury to pursue every legal means to stay or recoup certain incentive bonus payments and retention payments made by American… Show full official titleShow less

Official title: To require the Secretary of the Treasury to pursue every legal means to stay or recoup certain incentive bonus payments and retention payments made by American International Group, Inc. to its executives and employees, and to require the Secretary's approval of such payments by any financial institution who receives.

Introduced: March 18, 2009 See on congress.gov
Finance and Financial Sector Administrative remediesBank accounts, deposits, capitalBanking and financial institutions regulationContracts and agency
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Corporate finance and managementDepartment of the TreasuryFinancial crises and stabilizationInsurance industry and regulationLife, casualty, property insuranceWages 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 18, 2009
Referred to the House Committee on Financial Services.
Mar 18, 2009
Introduced in House
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 Latest action March 18, 2009

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Directs the Secretary of the Treasury to: (1) pursue every legal means to stay or recoup incentive bonuses and retention payments paid by American International Group, Inc. (AIG) to its executives and employees after September 16, 2008; (2) prohibit payments or other federal assistance to AIG unless current AIG executives and employees return to the Treasury any incentive bonuses and retention payments paid to them after September 16, 2008; and (3) require any financial institution that has received any assistance under the Troubled Asset Relief Program (TARP) and that has not repaid such assistance in full within two weeks after the enactment of this Act to submit to the Secretary for approval plans for making any incentive bonuses or retention payments to its executives or employees and any contracts that require such payments.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 20
All 20 Republican 13
Nye, Glenn
· Jun 2, 2009
Mitchell, Harry
· Mar 24, 2009
 R
Rogers, Harold
Kentucky · Mar 24, 2009
 R
Simpson, Michael K.
Idaho · Mar 24, 2009
BONO MACK, MARY
· Mar 19, 2009
 R
Buchanan, Vern
Florida · Mar 19, 2009
 R
Diaz-Balart, Mario
Florida · Mar 19, 2009
Fallin, Mary
· Mar 19, 2009
 R
Graves, Sam
Missouri · Mar 19, 2009
 R
McCaul, Michael T.
Texas · Mar 19, 2009
Minnick, Walter
· Mar 19, 2009
 R
Sessions, Pete
Texas · Mar 19, 2009
 R
Smith, Adrian
Nebraska · Mar 19, 2009
Cao, Anh
· Mar 18, 2009
 R
Cassidy, Bill
Louisiana · Mar 18, 2009
 R
Guthrie, Brett
Kentucky · Mar 18, 2009
Lee, Christopher
· Mar 18, 2009
 R
Lummis, Cynthia M.
Wyoming · Mar 18, 2009
 R
McClintock, Tom
California · Mar 18, 2009
 R
Thompson, Glenn
Pennsylvania · Mar 18, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1577: To require the Secretary of the Treasury to pursue every legal means to stay or recoup certain incentive bonus payments and retention payments made by American International Group, Inc. to its executives and employees, and to require the Secretary's approval of such payments by any financial institution who receives.. 111th Congress. Open America. https://openamerica.io/bill/111-HR-1577/
MLA
"H.R. 1577: To require the Secretary of the Treasury to pursue every legal means to stay or recoup certain incentive bonus payments and retention payments made by American International Group, Inc. to its executives and employees, and to require the Secretary's approval of such payments by any financial institution who receives.." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-1577/.
Bluebook (legal)
H.R. 1577, 111th Cong. (2026), https://openamerica.io/bill/111-HR-1577/.
Markdown link
[H.R. 1577: To require the Secretary of the Treasury to pursue every legal means to stay or recoup certain incentive bonus payments and retention payments made by American International Group, Inc. to its executives and employees, and to require the Secretary's approval of such payments by any financial institution who receives.](https://openamerica.io/bill/111-HR-1577/)
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