3.0.0 6987 2019-11-15T20:56:31Z 2019-11-15T20:56:31Z House H HR 2008-09-22 110 hsba00 Financial Services Committee House Standing Referred to 2008-09-22T14:31:20Z 2008-09-22 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2008-09-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-09-22 Introduced in House IntroReferral 1000 9 Library of Congress F000447 Rep. Feeney, Tom [R-FL-24] Tom Feeney R FL 24 N R000580 Rep. Roskam, Peter J. [R-IL-6] Peter Roskam R IL J. 6 2008-09-22 True G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 2008-09-22 True P000588 Rep. Pearce, Stevan [R-NM-2] Stevan Pearce R NM 2 2008-09-27 False B001256 Rep. Bachmann, Michele [R-MN-6] Michele Bachmann R MN 6 2008-09-27 False Finance and Financial Sector Bankruptcy Business investment and capital Corporate finance and management Government lending and loan guarantees Securities Wages and earnings Finance and Financial Sector 00 2008-09-22 Introduced in House 2008-12-12T22:02:51Z Taxpayer Bailout Protection Act of 2008 - Amends the Sarbanes-Oxley Act of 2002 to require an officer of an issuer of registered securities to pay to the Department of the Treasury any bonus or other incentive-based or equity-based compensation received from the issuer during a year in which the issuer is subject to a taxpayer bailout and the two prior years.

Defines "taxpayer bailout" as: (1) placement of the issuer under conservatorship, receivership, or other assumption of the management, governance, and control of the issuer by the Treasury or by the Board of Governors of the Federal Reserve; or (2) an emergency loan of public funds made to the issuer by the Treasury or the Board, if the Board Chairman determines that such a loan is necessary to prevent the issuer's imminent failure.

]]> Taxpayer Bailout Protection Act of 2008 Short Titles as Introduced Taxpayer Bailout Protection Act of 2008 Display Title Taxpayer Bailout Protection Act of 2008 Official Title as Introduced To amend the Sarbanes-Oxley Act of 2002 to require officers to repay bonus amounts received during a year in which their company is subject to a taxpayer bailout, as well as the two previous years. Introduced in House 2008-09-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr6987ih/xml/BILLS-110hr6987ih.xml 2008-09-22 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.