- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
House Committee on Financial ServicesIntroducedMarch 18th, 2009
- house Committees
Bill DetailsOfficial information provided by the Congressional Research Service. Learn more or make a suggestion.
The Congressional Research Service writes summaries for most legislation. These summaries are listed here. Countable will update some legislation with a revised summary, title or other key elements.
TARP Wage Accountability Act
To require institutions receiving large amounts of assistance under TARP to restrict compensation increases for officers, directors, and employees to the Federal civil service pay increase.
TARP Wage Accountability Act - Amends the Emergency Economic Stabilization Act of 2008 to prohibit financial institutions that have received more than $10 billion under the Troubled Asset Relief Program (TARP) from increasing the compensation of any of their officers, directors, or employees for a fiscal year by a percentage greater than the federal civil service pay increase for such fiscal year.