American Recovery and Reinvestment Act of 2009 Expands Executive Compensation Restrictions for TARP Recipients

January 2009
Venulex Legal Summaries;2009 Q1, Special section p1
The article focuses on the provision of the American Recovery and Reinvestment Act of 2009 signed by President Barack Obama which expands the executive compensation restrictions for recipients of the Troubled Asset Relief Program (TARP). Under such provision, the amount and timing of incentive compensation and retention bonuses that may be paid by TARP recipients to their executives are limited. The role of the Treasury Department secretary in the implementation of the restrictions is explained.


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