To require the Secretary of the Treasury to pursue every legal means to stay or recoup certain incentive bonus payments and retention payments made by American International Group, Inc. to its executives and employees, and to require the Secretary's approval of such payments by any financial institution who receives.

Summary

Directs the Secretary of the Treasury to: (1) pursue every legal means to stay or recoup incentive bonuses and retention payments paid by American International Group, Inc. (AIG) to its executives and employees after September 16, 2008; (2) prohibit payments or other federal assistance to AIG unless current AIG executives and employees return to the Treasury any incentive bonuses and retention payments paid to them after September 16, 2008; and (3) require any financial institution that has received any assistance under the Troubled Asset Relief Program (TARP) and that has not repaid such assistance in full within two weeks after the enactment of this Act to submit to the Secretary for approval plans for making any incentive bonuses or retention payments to its executives or employees and any contracts that require such payments.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 18 March 2009

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 18 March 2009

   Introduced

   Introduced in House

   Source: IntroReferral

3. 18 March 2009

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 18 March 2009 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 18 March 2009

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 18 March 2009

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 18 March 2009

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

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Sponsors

• Rep. Paulsen, Erik [R-MN-3] · R · Sponsor
• Rep. Lance, Leonard [R-NJ-7] · R · Sponsor
• Rep. Lee, Christopher J. [R-NY-26] · R · Sponsor
• Rep. Roe, David P. [R-TN-1] · R · Sponsor
• Rep. Posey, Bill [R-FL-8] · R · Sponsor
• Rep. Guthrie, Brett [R-KY-2] · R · Sponsor
• Rep. Schock, Aaron [R-IL-18] · R · Sponsor
• Rep. McClintock, Tom [R-CA-5] · R · Sponsor
• Rep. Olson, Pete [R-TX-22] · R · Sponsor
• Rep. Jenkins, Lynn [R-KS-2] · R · Sponsor
• Rep. Luetkemeyer, Blaine [R-MO-3] · R · Sponsor
• Rep. Rooney, Thomas J. [R-FL-17] · R · Sponsor
• Rep. Thompson, Glenn [R-PA-15] · R · Sponsor
• Rep. Cao, Anh "Joseph" [R-LA-2] · R · Sponsor
• Sen. Lummis, Cynthia M. [R-WY] · R · Sponsor
• Rep. Chaffetz, Jason [R-UT-3] · R · Sponsor
• Rep. Austria, Steve [R-OH-7] · R · Sponsor
• Rep. Harper, Gregg [R-MS-3] · R · Sponsor
• Rep. Hunter, Duncan D. [R-CA-50] · R · Sponsor
• Rep. Coffman, Mike [R-CO-6] · R · Sponsor
• Sen. Cassidy, Bill [R-LA] · R · Sponsor
• Rep. Fleming, John [R-LA-4] · R · Sponsor
• Rep. Connolly, Gerald E. [D-VA-11] · D · Sponsor
• Rep. Buchanan, Vern [R-FL-16] · R · Cosponsor
• Rep. Bono, Mary [R-CA-44] · R · Cosponsor
• Rep. Rogers, Mike J. [R-MI-8] · R · Cosponsor
• Rep. Diaz-Balart, Mario [R-FL-26] · R · Cosponsor
• Rep. Sessions, Pete [R-TX-17] · R · Cosponsor
• Rep. McKeon, Howard P. "Buck" [R-CA-25] · R · Cosponsor
• Rep. Diaz-Balart, Lincoln [R-FL-21] · R · Cosponsor
• Rep. Pence, Mike [R-IN-6] · R · Cosponsor
• Rep. Shimkus, John [R-IL-15] · R · Cosponsor
• Rep. Gingrey, Phil [R-GA-11] · R · Cosponsor
• Rep. Fallin, Mary [R-OK-5] · R · Cosponsor
• Rep. Barrett, J. Gresham [R-SC-3] · R · Cosponsor
• Rep. Coble, Howard [R-NC-6] · R · Cosponsor
• Rep. McCaul, Michael T. [R-TX-10] · R · Cosponsor
• Rep. Biggert, Judy [R-IL-13] · R · Cosponsor
• Rep. Burgess, Michael C. [R-TX-26] · R · Cosponsor
• Rep. Kissell, Larry [D-NC-8] · D · Cosponsor
• Rep. Smith, Adrian [R-NE-3] · R · Cosponsor
• Rep. Putnam, Adam H. [R-FL-12] · R · Cosponsor
• Rep. Graves, Sam [R-MO-6] · R · Cosponsor
• Rep. Kingston, Jack [R-GA-1] · R · Cosponsor
• Rep. Minnick, Walter [D-ID-1] · D · Cosponsor
• Rep. Simpson, Michael K. [R-ID-2] · R · Cosponsor
• Rep. Rogers, Harold [R-KY-5] · R · Cosponsor
• Rep. Mitchell, Harry E. [D-AZ-5] · D · Cosponsor

Showing 48 of 51 sponsors and actors.

Related records

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