To amend the Emergency Economic Stabilization Act of 2008 to require a public database of the executive compensation of the institutions receiving assistance under the Troubled Assets Relief Program.
Latest action · Feb 3, 2009 Referred to the House Committee on Financial Services.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedFeb 3, 2009
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Emergency Economic Stabilization Act of 2008 (EESA) to direct the Secretary of the Treasury to establish an Internet website containing a searchable database of the executive compensation of the institutions receiving assistance under the Troubled Asset Relief Program (TARP).
Requires any institution receiving any TARP assistance to disclose annually to the Secretary the total compensation of: (1) each of its 100 most highly paid executives, officers, or employees; or (2) for an institution with fewer than 1,000 employees, each of the top 5% of its most highly paid executives, officers, or employees.
Cosponsors
Members who signed on, in the order they did.
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Feb 3, 2009 |
Actions 2
Everything that happened, newest first.
- Feb 3, 2009Introduced in House
- Feb 3, 2009Referred to the House Committee on Financial Services.
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Emergency Economic Stabilization Act of 2008 to require a public database of the executive compensation of the institutions receiving assistance under the Troubled Assets Relief Program.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Feb 3, 2009Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
