To require that the Board Compensation Committees required for financial institutions receiving assistance under the Troubled Assets Relief Program include the representation of the financial institution's lowest paid employees.

Summary

Amends the Emergency Economic Stabilization Act of 2008 (EESA) to require that at least one member of the Board Compensation Committee of each Troubled Asset Relief Program (TARP) recipient reviewing the recipient's employee compensation plans be an employee of the recipient whose compensation is within the lowest 20% of compensation of all of the recipient's employees and executives.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 25 March 2009

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• Introduced in House (PDF)

  Introduced in House · EN · 25 March 2009

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• Introduced in House

  summary · EN · 25 March 2009

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