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H.R.1664 Grayson-Himes Pay For Performance Act of 2009, 111th Congress

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Official Bill Info

  • Latest Action: Apr 23, 2009 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 50.

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    I know the most recent action for this bill is as follows: "Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 50." on Apr 23, 2009
  • Committee Assignment: House Committee on Financial Services

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    This bill has been assigned to the House Committee on Financial Services committee.
  • This bill's most-recent vote occurred on April 01, 2009, with a roll call of 247 ayes, 171 nays, and 12 not voting.

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    This bill's most-recent vote occurred on April 01, 2009, with a roll call of 247 ayes, 171 nays, and 12 not voting.

Bill Statistics on OpenCongress

  • 91% of users oppose H.R.1664

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    91% of users on OpenCongress.org, a free, non-partisan resource, oppose H.R.1664.
  • H.R.1664 has been viewed 40,089 times

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    H.R.1664 has been viewed 40,089 times on OpenCongress.org, a free, non-partisan resource.
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    Supporting Organizations

    • themiddleclass.org

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      I know that the organization themiddleclass.org supports H.R.1664

    Opposing Organizations

    • American International Group

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      I know that the organization American International Group opposes H.R.1664

    Most-commented sections of the bill text

    Highest Rated User Comments

    • On March 31, 2009, by mattpileggi - Look at Section 1 e1 regarding Prohibition of compensation. It clearly states '[may not] make a compensation payment to any executive or employee' yet it is titled 'Prohibition of Executive Compesation'. This is completely fraudulent and misleading in an effort to appeal to public outcry. This section needs to be renamed and the restrictions on executive vs non-exec pay (compensation) needs to be split into separate articles. The American people would not, I hope, stand for such a thing if they knew of its full scope. I also agree with wojcickim in that the government has no right to determine what is unreasonable and excessive. I hope that no other companies will be foolish enough to accept any other "bailout" (overtaking) money.

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      As noted by mattpileggi, a user on OpenCongress.org, on March 31, 2009, "Look at Section 1 e1 regarding Prohibition of compensation. It clearly states '[may not] make a compensation payment to any executive or employee' yet it is titled 'Prohibition of Executive Compesation'. This is completely fraudulent and misleading in an effort to appeal to public outcry. This section needs to be renamed and the restrictions on executive vs non-exec pay (compensation) needs to be split into separate articles. The American people would not, I hope, stand for such a thing if they knew of its full scope. I also agree with wojcickim in that the government has no right to determine what is unreasonable and excessive. I hope that no other companies will be foolish enough to accept any other "bailout" (overtaking) money."
    • On March 31, 2009, by wojcickim - "To amend the executive compensation provisions of the Emergency Economic Stabilization Act of 2008 to prohibit unreasonable and excessive compensation and compensation not based on performance standards" Unreasonable and excessive, according to who? This has got to stop. Capitalism is going down the tubes, and our representatives are in control of the flusher.

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      As noted by wojcickim, a user on OpenCongress.org, on March 31, 2009, ""To amend the executive compensation provisions of the Emergency Economic Stabilization Act of 2008 to prohibit unreasonable and excessive compensation and compensation not based on performance standards" Unreasonable and excessive, according to who? This has got to stop. Capitalism is going down the tubes, and our representatives are in control of the flusher."
    • On May 19, 2010, by lioner2 - BTW... Rand Paul won the Rep Senate nomination in Kentucky...with a message...“I have a message, a message from the Tea Party – a message that is loud and clear and does not mince words – we’ve come to take our government back,” stated Paul to rapturous applause, adding that he would take on the special interests in Washington who treat the federal government as their own personal ATM. “What you have done and what we can do can transform America,” said Paul, candidly warning that America’s greatness hinges on saving the country. Paul added that America could be saved from its debt crisis “that is devouring our country and I think could lead to chaos.” “These petty dictators say that to stop climate change it’s about ending capitalism, they are explicit, and the President by attending Copenhagen gives credibility and credence to these folks and he should not go,” said Paul.

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      As noted by lioner2, a user on OpenCongress.org, on May 19, 2010, "BTW... Rand Paul won the Rep Senate nomination in Kentucky...with a message...“I have a message, a message from the Tea Party – a message that is loud and clear and does not mince words – we’ve come to take our government back,” stated Paul to rapturous applause, adding that he would take on the special interests in Washington who treat the federal government as their own personal ATM. “What you have done and what we can do can transform America,” said Paul, candidly warning that America’s greatness hinges on saving the country. Paul added that America could be saved from its debt crisis “that is devouring our country and I think could lead to chaos.” “These petty dictators say that to stop climate change it’s about ending capitalism, they are explicit, and the President by attending Copenhagen gives credibility and credence to these folks and he should not go,” said Paul."

    Highly Rated Blog Articles

    • H.R.1664: Secure All Facilities to Effectively ... - OpenCongress - April 14, 2011 by opencongress.org - Or, if you know of a news article about this bill to display here, email us the web address of this page and the web address of your suggested news article: Our editorial team will post relevant links as quickly as ...

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      As noted by opencongress.org on April 14, 2011, "Or, if you know of a news article about this bill to display here, email us the web address of this page and the web address of your suggested news article: Our editorial team will post relevant links as quickly as ..." (http://www.opencongress.org/bill/112-h1664/show)
    • Mid-Term Elections and the Effect on Total Rewards - November 03, 2010 by WorldatWork Newsline - This race took on additional importance due to Grayson's sponsorship in the 111th Congress of two total rewards-related bills: H.R. 1664, the Pay for Performance Act of 2009, and H.R. 2564, the Paid Vacation Act of 2009. New Hampshire ...

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      As noted by WorldatWork Newsline on November 03, 2010, "This race took on additional importance due to Grayson's sponsorship in the 111th Congress of two total rewards-related bills: H.R. 1664, the Pay for Performance Act of 2009, and H.R. 2564, the Paid Vacation Act of 2009. New Hampshire ..." (http://www.worldatwork.org/waw/adimLink?id=44641&from=Home%20HR%20News22)
    • Mid-Term Elections and the Effect on Total Rewards - November 03, 2010 by WorldatWork Newsline - This race took on additional importance due to Grayson's sponsorship in the 111th Congress of two total rewards-related bills: H.R. 1664, the Pay for Performance Act of 2009, and H.R. 2564, the Paid Vacation Act of 2009. New Hampshire ...

      Clicking this will add the following text:

      As noted by WorldatWork Newsline on November 03, 2010, "This race took on additional importance due to Grayson's sponsorship in the 111th Congress of two total rewards-related bills: H.R. 1664, the Pay for Performance Act of 2009, and H.R. 2564, the Paid Vacation Act of 2009. New Hampshire ..." (http://www.worldatwork.org/waw/adimLink?id=44641&from=HR%20News)

    Highly Rated News Articles

    • Inslee Amendment Preserves WaMu Severance Packages for ... - April 13, 2009 by American Chronicle - He issued the following statement upon House passage of the bill, HR 1664, by a vote of 247-171: "Only ´performance-based´ compensation would have been ...

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      As noted by American Chronicle on April 13, 2009, "He issued the following statement upon House passage of the bill, HR 1664, by a vote of 247-171: "Only ´performance-based´ compensation would have been ..." (http://www.americanchronicle.com/articles/view/98450)
    • TARP oversight on pay too onerous, bankers contend - April 13, 2009 by Charlotte Business Journal - HR 1664, which passed 247-171, would require the US Treasury to set standards for bonuses and pay. The Treasury secretary could stop payment of any ...

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      As noted by Charlotte Business Journal on April 13, 2009, "HR 1664, which passed 247-171, would require the US Treasury to set standards for bonuses and pay. The Treasury secretary could stop payment of any ..." (http://charlotte.bizjournals.com/charlotte/stories/2009/04/13/story11.html?b=1239595200%5E1809124)
    • Your Turn - April 12, 2009 by The Tribune - Then following that fiasco, the House passed an even more intrusive (HR 1664) bill which applies to all of the 500-odd institutions that received TARP funds ...

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      As noted by The Tribune on April 12, 2009, "Then following that fiasco, the House passed an even more intrusive (HR 1664) bill which applies to all of the 500-odd institutions that received TARP funds ..." (http://ourtribune.com/article.php?id=7174)
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