TITLE

Tarp Amendments Approved by Senate

AUTHOR(S)
Kaper, Stacy
PUB. DATE
February 2009
SOURCE
American Banker;2/9/2009, Vol. 174 Issue 26, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the U.S. Senate has adopted two amendments to the U.S. American Recovery and Reinvestment Act of 2009, which would limit executive compensation at companies that have received funds from the Troubled Asset Relief Program (TARP). Senator Claire McCaskill suggested that all forms of compensation be limited to $400,000 a year for all employees of bailout beneficiaries. Senator Chris Dodd would prevent TARP recipients from paying bonuses to the 25 highest-paid employees.
ACCESSION #
36629942

 

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