Skip to main content
HR 1603 111th Congress House

TARP Wage Accountability Act

Official title: To require institutions receiving large amounts of assistance under TARP to restrict compensation increases for officers, directors, and employees to the Federal civil service pay increase.

Introduced: March 23, 2009 See on congress.gov
Finance and Financial Sector Bank accounts, deposits, capitalCorporate finance and managementFinancial crises and stabilizationWages and earnings
Sign in to write a letter Sign in to watch
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
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action March 18, 2009

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

TARP Wage Accountability Act - Amends the Emergency Economic Stabilization Act of 2008 to prohibit financial institutions that have received more than $10 billion under the Troubled Asset Relief Program (TARP) from increasing the compensation of any of their officers, directors, or employees for a fiscal year by a percentage greater than the federal civil service pay increase for such fiscal year.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 2
D
Larson, John B.
Connecticut · Mar 23, 2009
Massa, Eric
· Mar 23, 2009
Arcuri, Michael
· Mar 19, 2009
Boccieri, John
· Mar 19, 2009
Driehaus, Steve
· Mar 19, 2009
 D
Kaptur, Marcy
Ohio · Mar 19, 2009
Space, Zachary
· Mar 19, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1603: TARP Wage Accountability Act. 111th Congress. Open America. https://openamerica.io/bill/111-HR-1603/
MLA
"H.R. 1603: TARP Wage Accountability Act." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-1603/.
Bluebook (legal)
H.R. 1603, 111th Cong. (2026), https://openamerica.io/bill/111-HR-1603/.
Markdown link
[H.R. 1603: TARP Wage Accountability Act](https://openamerica.io/bill/111-HR-1603/)
Report a problem