An amendment numbered 4 printed in House Report 111-71 to allow institutions that enter into a payment schedule with Treasury on terms set by Treasury to no longer be subject to the bonus and compensation restrictions created by the Act. If an institution defaults on its payment schedule, any bonuses and compensation that exceeds the regulations promulgated in accordance to the Act would be subject to clawback.

passedUnited States· United States Congress· EN

Introduced

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Last action

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Status

On agreeing to the Bean amendment (A004) Agreed to by recorded vote: 228 - 198, 1 Present (Roll no. 180).

Records

Official amendment HAMDT 66 (111th) from United States at United States Congress. Status: On agreeing to the Bean amendment (A004) Agreed to by recorded vote: 228 - 198, 1 Present (Roll no. 180)..

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Related records

amends → To amend the executive compensation provisions of the Emergency Economic Stabilization Act of 2008 to prohibit unreasonable and excessive compensation and compensation not based on performance standards.

Sources

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Official source: https://www.congress.gov/amendment/111th-congress/hamdt-66
Open data entity: https://api.congress.gov/v3/amendment/111/hamdt/66
us · 111-hamdt-66 · source updated 3 February 2022