HR 1652
111th Congress
House
Finance and Financial Sector
Corporate finance and management
Financial crises and stabilization
Financial services and investments
Wages and earnings
To require institutions receiving certain assistance from the Troubled Asset Relief Program or the Federal Reserve to have employee bonus payment plans approved in advance of the payments being made.
Introduced: March 19, 2009
Introduced by:
Murphy, Christopher
Democratic
· Connecticut
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 19, 2009
Referred to the House Committee on Financial Services.
Mar 19, 2009
Introduced in House
Plain-English summary
Requires the Secretary of the Treasury and the Chairman of the Board of Governors of the Federal Reserve System to require financial institutions that have received assistance under the Troubled Asset Relief Program (TARP) or under the Federal Reserve Act to obtain the approval of their employee bonus payment plans by either the Secretary or the Chairman, as appropriate, before paying any employee bonuses.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1