U.S. Congress - S.431 Economic Recovery Adjustment Act of 2009
S.431 - Economic Recovery Adjustment Act of 2009
A bill to establish the Temporary Economic Recovery Adjustment Panel to curb excessive executive compensation at firms receiving emergency economic assistance. view all titles (2)
All Bill Titles
- Official: A bill to establish the Temporary Economic Recovery Adjustment Panel to curb excessive executive compensation at firms receiving emergency economic assistance. as introduced.
- Short: Economic Recovery Adjustment Act of 2009 as introduced.
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Official Summary
2/12/2009--Introduced.Economic Recovery Adjustment Act of 2009 - Establishes within the Department of Justice the Office of the Taxpayer Advocate to conduct audits and oversight of the compensation of the officers and directors of entities assisted under the Troubled Asset Relief Program (Official Summary
2/12/2009--Introduced.Economic Recovery Adjustment Act of 2009 - Establishes within the Department of Justice the Office of the Taxpayer Advocate to conduct audits and oversight of the compensation of the officers and directors of entities assisted under the Troubled Asset Relief Program (TARP). Authorizes the Advocate to assist the Secretary of the Treasury in the negotiation of TARP assistance in order to:(1) assure that fair and reasonable executive compensation is paid by entities receiving TARP funds; and
(2) defend such agreements in the event of any challenge to the adjustments to compensation obligations. States that negotiated reductions in compensation under this Act:
(1) may include vested deferred compensation; and
(2) shall be in an amount that is fair and reasonable in light of the taxpayers' assistance, but not less than the estimated value of the compensation obligations that would face the estate or debtor-in-possession if the TARP funds had not been granted, and the entity had filed for bankruptcy protection. Requires the Advocate to negotiate a reduction in executive compensation obligations as a prerequisite to TARP assistance if, after an audit, the Advocate finds reason to believe that the assisted entity would have become insolvent if not for the receipt of TARP assistance. Establishes the Temporary Economic Recovery Oversight Panel to:
(1) either approve or deny a proposed settlement; or
(2) upon petition of the Advocate (or of any individual subject to the Advocate's actions), issue an order establishing an executive compensation program if no settlement is reached.
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Verfassungsmäßigkeit Pflichtteilsrecht | Erbrecht
Motive zu dem Entwurfe eines Bürgerlichen Gesetzbuchs für das Deutsche Reich, S. 431). In der Denkschrift des Reichsjustizamtes zum Bürgerlichen Gesetzbuch wurde als gemeinsamer Grundgedanke der Pflichtteilsentziehungsgründe der ...
Auto Salvage and S. 431, S. 485, and S. 1232; Hearing Before the ...
Title: Auto Salvage and S. 431, S. 485 and S. 1232:? tion Anh f? the Committee on? Economy, Science and Transportation, S? of nat? United States? hundred and three? me Congr? s initial registration session, 3 Ao t 1993 Publisher: ...
Rez. MA: B. Kusche: „Ego collegiatus“ - H-Soz-u-Kult / Rezensionen ...
Summe sogar als ‚Neugründung' der Leipziger Alma mater bewertet“ wird (S. 431). Auch wenn in der neuen Universitätsordnung von 1580 an den Kollegien grundsätzlich festgehalten wurde, enthielten die neuen Statuten der Kollegien ...
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