US HCR76 | 2009-2010 | 111th Congress

Status

Sponsorship: Partisan Bill (Democrat 25-1)
Status: Introduced on March 19 2009 - 25% progression, died in chamber
Action: 2009-03-19 - On motion to suspend the rules and agree to the resolution Failed by the Yeas and Nays: (2/3 required): 255 - 160 (Roll no. 144).
Text: Latest bill text (Introduced) [PDF]

Summary

Expresses the sense of Congress that the President is appropriately exercising authorities under the Emergency Economic Stabilization Act of 2008 and other federal laws by taking all necessary actions to ensure that: (1) American International Group, Inc. (AIG) will repay taxpayers for retention bonuses paid to its executives and employees; (2) companies that receive a capital infusion under the Emergency Economic Stabilization Act of 2008 are prohibited from paying unreasonable and excessive bonuses to their executives and employees; and (3) such companies comply with provisions of the American Recovery and Reinvestment Act restricting executive compensation.

Tracking Information

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Title

Expressing the sense of the Congress regarding executive and employee bonuses paid by AIG and other companies assisted with taxpayer funds provided under the Troubled Assets Relief Program of the Secretary of the Treasury.

Sponsors


History

DateChamberAction
2009-03-19 On motion to suspend the rules and agree to the resolution Failed by the Yeas and Nays: (2/3 required): 255 - 160 (Roll no. 144).
2009-03-19 Considered as unfinished business. (consideration: CR H3674)
2009-03-19 At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
2009-03-19 DEBATE - The House proceeded with forty minutes of debate on H. Con. Res. 76.
2009-03-19 Considered under suspension of the rules. (consideration: CR H3665-3673; text of measure as introduced: CR H3665)
2009-03-19 Mr. Frank (MA) moved to suspend the rules and agree to the resolution.
2009-03-19 Referred to the House Committee on Financial Services.

Subjects


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