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3/19/2009--Introduced.<br/>Compensation Fairness Act of 2009 - Amends the Internal Revenue Code to impose an excise tax on excessive bonuses paid by federal emergency economic assistance recipients to their employees (including directors or officers). Sets the overall rate of such tax at 70% of the amount of such bonuses, 35% payable by federal emergency economic assistance recipients and 35% payable by the employees of such recipients. Exempts bonus recipients who repay bonus amounts to the federal government. Defines &quot;excessive bonus&quot; as any retention bonus or other bonus that exceeds $50,000 paid by a federal emergency economic assistance recipient after December 31, 2008. Defines &quot;federal emergency economic assistance recipient&quot; as: (1) an entity and its affiliates to which the federal government has paid an aggregate of more than $100 million of assistance and in which the federal government has acquired an equity interest under a program authorized by the Emergency Economic Stabilization Act of 2008 or the Federal Reserve Act; and (2) the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Limits to $1 million the amount of compensation which a participant in a nonqualified deferred compensation plan maintained by a federal emergency economic assistance recipient may defer in any 12-month period.

1237780800 2009-03-23 Sat Sep 19 01:33:12 -0500 2009 introduced 56123 'may':43 'tax':15 '1986':10 'bill':2 'code':8 'paid':19 'amend':4 'bonus':18 'defer':36,44 'emerg':27 'excis':14 'feder':26 'impos':12 'limit':31 'taxat':46 'amount':33 'assist':29 'econom':28 'excess':17 'intern':6 'purpos':50 'receiv':22,25 'revenu':7 'compani':24,42 'compens':37 'employe':39 'nonqualifi':35 70608 false official introduced 56123 'act':3 '2009':5 'fair':2 'compens':1 70607 false short calendar 56123 1237780800 Mon Mar 23 00:00:00 -0500 2009 191343 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 37. B000243 1941-12-11 511 Hart Senate Office Building http://baucus.senate.gov/contact/emailForm.cfm?subj=issue 202-224-0515 Max 'd':4 'mt':5 'max':2,6,8 'sen':1 'baucus':3,7,9 M 300005 Baucus Max_Baucus S. Sen. Max Baucus [D, MT] N00004643 14164 Democrat 202-224-2651 United Church of Christ MT Max Baucus 1.92156862745098 http://baucus.senate.gov B000468 1943-10-03 703 Hart Senate Office Building http://bingaman.senate.gov/contact/ 202-224-2852 Jeff 'd':4 'nm':5 'sen':1 'jeff':2,6,8 'bingaman':3,7,9 M 300009 Bingaman Jeff_Bingaman Sen. Jeff Bingaman [D, NM] N00006518 10104 Democrat 202-224-5521 Methodist NM Jeff Bingaman 4.4 http://bingaman.senate.gov B000711 1940-11-11 112 Hart Senate Office Building http://boxer.senate.gov/contact/email/policy.cfm 202-224-0454 Barbara 'd':4 'ca':5 'sen':1 'boxer':3,7,9 'barbara':2,6,8 F 300011 Boxer Barbara_Boxer Sen. Barbara Boxer [D, CA] N00006692 28336 Democrat 202-224-3553 Jewish CA Barbara Boxer 2.46875 http://boxer.senate.gov SenatorBoxer C000127 1958-10-13 511 Dirksen Senate Office Building http://cantwell.senate.gov/contact/ 202-228-0514 Maria 'd':4 'wa':5 'sen':1 'maria':2,6,8 'cantwel':3,7,9 F 300018 Cantwell Maria_Cantwell Sen. Maria Cantwell [D, WA] N00007836 12177 Democrat 202-224-3441 Roman Catholic WA Maria Cantwell 4.43939393939394 http://cantwell.senate.gov SenatorCantwell G000386 1933-09-17 135 Hart Senate Office Building http://grassley.senate.gov/contact.cfm 202-224-6020 Charles 'r':4 'ia':5 'sen':1 'charl':2,6,9 'chuck':8 'grassley':3,7,10 M 300048 Grassley Chuck_Grassley E. Sen. Charles Grassley [R, IA] Chuck N00001758 11767 Republican 202-224-3744 Baptist IA Chuck Charles Grassley 3.96551724137931 http://grassley.senate.gov SenChuckGrassley H000206 1939-11-19 731 Hart Senate Office Building http://harkin.senate.gov/c/index.cfm 202-224-9369 Thomas 'd':4 'ia':5 'sen':1 'tom':8 'thoma':2,6,9 'harkin':3,7,10 M 300051 Harkin Tom_Harkin Sen. Thomas Harkin [D, IA] Tom N00004207 9303 Democrat 202-224-3254 Roman Catholic IA Tom Thomas Harkin 3.22222222222222 http://harkin.senate.gov/ SenatorTomHarkin K000148 1943-12-11 218 Russell Senate Office Building http://kerry.senate.gov/contact/email.cfm 202-224-8525 John 'd':4 'ma':5 'sen':1 'john':2,6,8 'kerri':3,7,9 M 300060 Kerry John_Kerry Forbes Sen. John Kerry [D, MA] N00000245 14019 Democrat 202-224-2742 Roman Catholic MA John Kerry 2.64 http://kerry.senate.gov/ L000035 1960-09-30 355 Dirksen Senate Office Building http://lincoln.senate.gov/contact/email.cfm 202-228-1371 Blanche 'd':4 'ar':5 'sen':1 'blanch':2,6,8 'lincoln':3,7,9 F 300068 Lincoln Blanche_Lincoln Lambert Sen. Blanche Lincoln [D, AR] N00008092 9859 Democrat 202-224-4843 Episcopalian AR Blanche Lincoln 2.6 http://lincoln.senate.gov/ SenatorLincoln M000639 1954-01-01 528 Hart Senate Office Building http://menendez.senate.gov/contact/contact.cfm 202-228-2197 Robert 'd':4 'nj':5 'bob':8 'sen':1 'robert':2,6,9 'menendez':10 'menéndez':3,7 M 400272 Menéndez Robert_Menendez Sen. Robert Menéndez [D, NJ] Bob N00000699 13715 Democrat 202-224-4744 Roman Catholic NJ Robert Menendez 2.11764705882353 http://menendez.senate.gov/ SenatorMenendezNJ M000702 1936-07-20 503 Hart Senate Office Building http://mikulski.senate.gov/Contact/contact.cfm 202-224-8858 Barbara 'd':4 'md':5 'sen':1 'barbara':2,6,8 'mikulski':3,7,9 F 300073 Mikulski Barbara_Mikulski A. Sen. Barbara Mikulski [D, MD] N00001945 9665 Democrat 202-224-4654 Roman Catholic MD Barbara Mikulski 2.68888888888889 http://mikulski.senate.gov/ N000032 1942-09-29 716 Hart Senate Office Building http://billnelson.senate.gov/contact/email.cfm 202-228-2183 Bill 'd':4 'fl':5 'sen':1 'bill':2,6,8 'nelson':3,7,9 M 300078 Nelson Bill_Nelson Sen. Bill Nelson [D, FL] N00009926 18242 Democrat 202-224-5274 Presbyterian FL Bill Nelson 2.11627906976744 http://billnelson.senate.gov/ SenBillNelson S000148 1950-11-23 313 Hart Senate Office Building http://schumer.senate.gov/new_website/contact.cfm 202-228-3027 Charles 'd':4 'ny':5 'sen':1 'charl':2,6,8 'schumer':3,7,9 M 300087 Schumer Charles_Schumer E. Sen. Charles Schumer [D, NY] N00001093 20321 Democrat 202-224-6542 Jewish NY Chuck Charles Schumer 2.24468085106383 http://schumer.senate.gov/ senatorschumer S000663 1947-02-21 154 Russell Senate Office Building http://snowe.senate.gov/webform.htm 202-224-1946 Olympia 'r':4 'sen':1 'snow':3,7,9 'olympia':2,6,8 F 300091 Snowe Olympia_Snowe J. Sen. Olympia Snowe [R, ME] N00000480 15417 Republican 202-224-5344 Greek Orthodox ME Olympia Snowe 2.72477064220183 http://snowe.senate.gov/ S000770 1950-04-29 133 Hart Senate Office Building http://stabenow.senate.gov/email.htm 202-228-0325 Debbie Ann 'd':5 'mi':6 'ann':3,8,11 'sen':1 'debbi':2,7,10 'stabenow':4,9,12 F 300093 Stabenow Debbie_Stabenow Sen. Debbie Ann Stabenow [D, MI] N00004118 14409 Democrat 202-224-4822 United Methodist MI Debbie Ann Stabenow 2.79661016949153 http://stabenow.senate.gov/ SenatorStabenow W000779 1949-05-03 223 Dirksen Senate Office Building http://wyden.senate.gov/contact/ 202-228-2717 Ron 'd':4 'ron':2,6,8 'sen':1 'wyden':3,7,9 M 300100 Wyden Ron_Wyden Sen. Ron Wyden [D, OR] N00007724 9943 Democrat 202-224-5244 Jewish OR Ron Wyden 3.96428571428571 http://wyden.senate.gov/ SenRonWyden calendar 56123 1237780800 Mon Mar 23 00:00:00 -0500 2009 191343 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 37. action 56123 1237435200 Thu Mar 19 00:00:00 -0500 2009 188640 Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. action 56123 1237435200 Thu Mar 19 00:00:00 -0500 2009 191342 Sponsor introductory remarks on measure. (CR S3563-3564) introduced 56123 1237435200 Thu Mar 19 00:00:00 -0500 2009 188639