Skip to main content
HR 979 111th Congress House Finance and Financial Sector Bank accounts, deposits, capital Banking and financial institutions regulation Corporate finance and management Employee benefits and pensions Financial crises and stabilization Wages and earnings

STOP Act

Introduced: February 11, 2009 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 11, 2009
Referred to the House Committee on Financial Services.
Feb 11, 2009
Introduced in House
 Plain-English summary Congressional Research Service

Stop Taxpayer-Offensive Practices Act of 2009 or the STOP Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to instruct the Secretary of the Treasury to establish policies which prohibit excessive or luxury expenditures by any recipient of assistance under such Act in connection with: (1) entertainment or events; (2) office and facility renovations; (3) aviation or other transportation service; and (4) any other activity or event that is not a reasonable expenditure for any conference, staff development, performance incentive.

Requires the board of directors of each recipient to establish company-wide policies for limiting excessive or luxury expenditures that are not inconsistent with the policies established by the Secretary.

States that any policy established by the Secretary or any board of directors that is applicable to any recipient of EESA assistance remains effective while the assistance remains outstanding.

What's happening now February 11, 2009

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3