S. 360 would limit compensation to officers and directors of entities receiving emergency economic assistance from the Government.
Detailed Summary
Cap Executive Officer Pay Act of 2009 - Limits the annual compensation of any employee of a financial institution or other entity that receives funds under the Troubled Asset Relief Program (TARP) established under the Emergency Economic Stabilization Act of 2008 to the amount of compensation paid to the President of the United States.
Status of the Legislation
Latest Major Action: 1/30/2009: Referred to Senate committee. Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Points in Favor
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Points Against
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