H.R. 851 · 111th Congress
Executive Compensation and Corporate Governance Act of 2009
- Stage
- In committee
- Sponsor
- Gabrielle Giffords
- Introduced
- 2009-02-04
- Latest action
- 2009-02-04 · Introduced in House
Summary
Executive Compensation and Corporate Governance Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to direct the Secretary of the Treasury to require any institution assisted under the Troubled Asset Relief Program (TARP) to meet specified standards for executive compensation and corporate governance while any assistance under TARP is outstanding.
Subjects all auction purchases of troubled assets to the prohibition against senior executive employment contract provision of golden parachutes.