HR 857 · 111th Congress 2009–2011, ended

Limit Executive Compensation Abuse Act

Introduced Feb 4, 2009 Originated House Sponsor Dennis Moore D-KS

Fact sheet Spreadsheet

Latest action · Feb 4, 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.

  1. IntroducedFeb 4, 2009
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Limit Executive Compensation Abuse Act - 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.

Cosponsors 44

Members who signed on, in the order they did. Signatures ran from Feb 4, 2009 to Feb 13, 2009; 37 are original cosponsors, there from the day it was introduced.

SeatCosponsorSigned on
D-CAAdam B. SchiffOriginalFeb 4, 2009
D-FLAlan GraysonOriginalFeb 4, 2009
D-KYBen ChandlerOriginalFeb 4, 2009
D-IABruce L. BraleyOriginalFeb 4, 2009
D-NYCarolyn McCarthyOriginalFeb 4, 2009
D-LACharlie MelanconOriginalFeb 4, 2009
D-MEChellie PingreeOriginalFeb 4, 2009
D-TXChet EdwardsOriginalFeb 4, 2009
D-ILDaniel LipinskiOriginalFeb 4, 2009
D-GADavid ScottOriginalFeb 4, 2009
D-MOEmanuel CleaverOriginalFeb 4, 2009
D-NYEric J. J. MassaOriginalFeb 4, 2009
D-AZGabrielle GiffordsOriginalFeb 4, 2009
D-TXGene GreenOriginalFeb 4, 2009
D-MAJames P. McGovernOriginalFeb 4, 2009
D-WAJim McDermottOriginalFeb 4, 2009
D-OHJohn A. BoccieriOriginalFeb 4, 2009
D-MIJohn Conyers, Jr.OriginalFeb 4, 2009
D-MAJohn F. TierneyOriginalFeb 4, 2009
D-MNKeith EllisonOriginalFeb 4, 2009
D-NCLarry KissellOriginalFeb 4, 2009
D-TXLloyd DoggettOriginalFeb 4, 2009
D-MIMark H. SchauerOriginalFeb 4, 2009
D-PAPatrick J. MurphyOriginalFeb 4, 2009
D-ORPeter A. DeFazioOriginalFeb 4, 2009
D-TXRuben HinojosaOriginalFeb 4, 2009
D-NJRush HoltOriginalFeb 4, 2009
D-MORuss CarnahanOriginalFeb 4, 2009
D-NVShelley BerkleyOriginalFeb 4, 2009
D-TXSilvestre ReyesOriginalFeb 4, 2009
D-OHSteve DriehausOriginalFeb 4, 2009
D-NYSteve IsraelOriginalFeb 4, 2009
D-VAThomas S.P. PerrielloOriginalFeb 4, 2009
D-OHTim RyanOriginalFeb 4, 2009
D-MSTravis ChildersOriginalFeb 4, 2009
D-MOWm. Lacy ClayOriginalFeb 4, 2009
D-OHZachary T. SpaceOriginalFeb 4, 2009
D-OHBetty SuttonFeb 10, 2009
D-OHCharles A. WilsonFeb 10, 2009
D-NVDina TitusFeb 10, 2009
D-CAMaxine WatersFeb 11, 2009
D-NYPaul TonkoFeb 11, 2009
D-CAZoe LofgrenFeb 11, 2009
D-NYMichael A. ArcuriFeb 13, 2009

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseFinancial Services Committee
Referred Feb 4, 2009

Actions 3

Everything that happened, newest first.

  1. Feb 4, 2009Introduced in House
  2. Feb 4, 2009Referred to the House Committee on Financial Services.
  3. Feb 3, 2009Sponsor introductory remarks on measure. (CR H881)

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Printed hearings 3

Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.

NumberHearingCommitteeHeld
Serial No. 111-103COMPENSATION IN THE FINANCIAL INDUSTRY80 pagesFinancial Services CommitteeFeb 25, 2010
Serial No. 111-42COMPENSATION STRUCTURE AND SYSTEMIC RISK214 pagesFinancial Services CommitteeJun 11, 2009
Serial No. 111-3AN EXAMINATION OF THE EXTRAORDINARY EFFORTS BY THE FEDERAL RESERVE BANK TO PROVIDE LIQUIDITY IN THE CURRENT FINANCIAL CRISIS123 pagesFinancial Services CommitteeFeb 10, 2009

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 360Cap Executive Officer Pay Act of 2009Related billJan 30, 2009

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To limit compensation to officers and directors of entities receiving emergency economic assistance from the Government, and for other purposes.
Short Titles as Introduced
Limit Executive Compensation Abuse Act

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 1

Each version as it was printed, newest first.

  1. Feb 4, 2009Introduced in House

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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.