3.0.0 3269 2023-01-11T13:18:27Z 2023-01-11T13:18:27Z House H HR 2009-07-21 111 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2009-08-03T20:12:22Z hsba00 Financial Services Committee House Standing Reported by 2009-07-30T18:47:42Z Markup by 2009-07-28T13:43:56Z Referred to 2009-07-21T14:31:39Z H. Rept. 111-236 Providing for consideration of the bill (H.R. 3269) to amend the Securities Exchange Act of 1934 to provide shareholders with an advisory vote on executive compensation and to prevent perverse incentives in the compensation practices of financial institutions. 111 697 HRES 2009-07-31 Motion to reconsider laid on the table Agreed to without objection. 09:44:20 Procedurally-related House 2009-08-03 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2009-07-31 14:09:51 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2009-07-31 14:09:50 On passage Passed by recorded vote: 237 - 185 (Roll no. 686). Floor H37100 2 House floor actions 686 https://clerk.house.gov/evs/2009/roll686.xml House 111 2009-07-31T18:09:50Z 1 2009-07-31 14:09:50 Passed/agreed to in House: On passage Passed by recorded vote: 237 - 185 (Roll no. 686). Floor 8000 9 Library of Congress 686 https://clerk.house.gov/evs/2009/roll686.xml House 111 2009-07-31T18:09:50Z 1 2009-07-31 14:02:47 On motion to recommit with instructions Failed by recorded vote: 178 - 244 (Roll no. 685). (consideration: CR H9243) Floor H36110 2 House floor actions hsap00 Appropriations Committee 685 https://clerk.house.gov/evs/2009/roll685.xml House 111 2009-07-31T18:02:47Z 1 2009-07-31 13:40:42 DEBATE - The House proceeded with 10 minutes of debate on the Sessions motion to recommit with instructions. The instructions contained in the motion seek to report the same back to the House with an amendment to instruct the Security Exchange Commission to identify all persons or entities engaged in activities to influence a vote. Floor H8D000 2 House floor actions 2009-07-31 13:39:52 Mr. Sessions moved to recommit with instructions to Appropriations. (consideration: CR H9242-9243; text: CR H9242) Floor H36100 2 House floor actions hsap00 Appropriations Committee 2009-07-31 13:25:40 Considered as unfinished business. (consideration: CR H9240-9244) Floor H30000 2 House floor actions 2009-07-31 11:55:36 POSTPONED PROCEEDINGS - At the conclusion of debate on the Garrett (NJ) amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Mr. Garrett (NJ) demanded a recorded vote and the Chair postponed further proceedings on adoption of the amendment until later in the legislative day. Floor H8D000 2 House floor actions 2009-07-31 11:44:03 DEBATE - Mr. Garrett (NJ) asked unanimous consent that debate on the Garrett (NJ) amendment in the nature of a substitute be extended by 10 minutes, equally divided and controlled. Agreed to without objection. Floor H8D000 2 House floor actions 2009-07-31 11:08:21 DEBATE - Pursuant to the provisions of H.Res. 697, the House proceeded with 30 minutes of debate on the Garrett (NJ) amendment in the nature of a substitute. Floor H8D000 2 House floor actions 2009-07-31 11:07:36 POSTPONED PROCEEDINGS - At the conclusion of debate on the Frank (MA) amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the ayes had prevailed. Mr. Price (GA) demanded a recorded vote and the Chair postponed further proceedings on adoption of the amendment until later in the legislative day. Floor H8D000 2 House floor actions 2009-07-31 10:56:07 DEBATE - Pursuant to the provisions of H.Res. 697, the House proceeded with 10 minutes of debate on the Frank (MA) amendment. Floor H8D000 2 House floor actions 2009-07-31 09:58:13 DEBATE - The House resumed debate on H.R. 3269. Floor H8D000 2 House floor actions 2009-07-31 09:47:54 DEBATE - The House proceeded with one hour of debate on H.R. 3269. Floor H8D000 2 House floor actions 2009-07-31 09:46:43 Rule provides for consideration of H.R. 3269 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. The amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill shall be considered as adopted. All points of order against provisions of the bill, as amended, are waived. Floor H8D000 2 House floor actions 2009-07-31 09:46:42 Considered under the provisions of rule H. Res. 697. (consideration: CR H9213-9233; text of amendment in the nature of a substitute: CR H9213-9215) Floor H30000 2 House floor actions 2009-07-31 09:44:19 Rule H. Res. 697 passed House. Floor H1L220 2 House floor actions 2009-07-30 16:34:30 Rules Committee Resolution H. Res. 697 Reported to House. Rule provides for consideration of H.R. 3269 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. The amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill shall be considered as adopted. All points of order against provisions of the bill, as amended, are waived. Floor H1L210 2 House floor actions 2009-07-30 Placed on the Union Calendar, Calendar No. 131. Calendars H12410 2 House floor actions U00131 2009-07-30 Reported (Amended) by the Committee on Financial Services. H. Rept. 111-236. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2009-07-30 Reported (Amended) by the Committee on Financial Services. H. Rept. 111-236. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2009-07-28 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported (Amended) by the Yeas and Nays: 40 - 28. Committee 2009-07-28 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2009-07-21 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-07-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-07-21 Introduced in House IntroReferral 1000 9 Library of Congress F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 N P000595 Rep. Peters, Gary C. [D-MI-9] Gary Peters D MI 9 2009-07-21 True K000372 Rep. Kilroy, Mary Jo [D-OH-15] Mary Jo Kilroy D OH 15 2009-07-21 True W000207 Rep. Watt, Melvin L. [D-NC-12] MELVIN WATT D NC 12 2009-07-21 True C001037 Rep. Capuano, Michael E. [D-MA-8] MICHAEL CAPUANO D MA E. 8 2009-07-21 True G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2009-07-21 True S000344 Rep. Sherman, Brad [D-CA-27] BRAD SHERMAN D CA 27 2009-07-21 True C001072 Rep. Carson, Andre [D-IN-7] Andre Carson D IN 7 2009-07-21 True G000535 Rep. Gutierrez, Luis V. [D-IL-4] LUIS GUTIERREZ D IL V. 4 2009-07-21 True E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2009-07-21 True H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2009-07-21 True W000187 Rep. Waters, Maxine [D-CA-35] MAXINE WATERS D CA 35 2009-07-23 False 2009-07-30T04:00:00Z H.R. 3269, Corporate and Financial Institution Compensation Fairness Act of 2009 http://www.cbo.gov/publication/20965 <p>Cost estimate for the bill as ordered reported by the House Committee on Finaicial Services on July 28, 2009</p> 2009-07-30T04:00:00Z H.R. 3269, Corporate and Financial Institution Compensation Fairness Act of 2009 https://www.cbo.gov/publication/20965 Cost estimate for the bill as ordered reported by the House Committee on Finaicial Services on July 28, 2009 H.R.4173 https://www.congress.gov/bill/111th-congress/house-bill/4173 Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Business ethics Congressional oversight Corporate finance and management Department of the Treasury Employee benefits and pensions Federal Deposit Insurance Corporation (FDIC) Federal Housing Finance Agency Federal Reserve System Financial crises and stabilization Financial services and investments Government lending and loan guarantees Government studies and investigations Housing finance and home ownership Lawyers and legal services Manufacturing Motor vehicles National Credit Union Administration Securities Securities and Exchange Commission (SEC) Wages and earnings Finance and Financial Sector 00 2009-07-21 Introduced in House 2009-07-24T19:52:16Z Corporate and Financial Institution Compensation Fairness Act of 2009 - Amends the Securities Exchange Act of 1934 to require that any proxy or consent or authorization for an annual shareholders meeting provide for a separate shareholder vote to approve executive compensation as disclosed pursuant to rules of the Securities and Exchange Commission (SEC).

States that the shareholder vote: (1) shall not be binding on the corporation or the board of directors; (2) shall not be construed as overruling a board decision, nor as creating or implying any additional fiduciary duty by such board; nor (3) shall such vote be construed to restrict or limit the ability of shareholders to make proposals for inclusion in such proxy materials related to executive compensation.

Sets forth procedures for disclosure and shareholder approval of golden parachute compensation.

Directs the SEC to prescribe standards relating to compensation committees.

Requires each member of the compensation committee of the issuer's board of directors to be a member of the issuer's board of directors, and to be otherwise independent.

Requires a compensation consultant, legal counsel, or other adviser to the compensation committee of any issuer to meet SEC standards for independence.

Authorizes the compensation committee of each issuer to engage independent counsel and advisors.

Directs the SEC to study and report to Congress on the use of compensation consultants meeting certain standards for independence.

Requires the appropriate federal regulators to prescribe jointly regulations requiring each covered financial institution to disclose to the appropriate federal regulator the structures of the incentive-based compensation arrangements for the institution's officers and employees sufficient to determine whether the compensation structure: (1) is aligned with sound risk management; (2) is structured to account for the time horizon of risks; and (3) meets other criteria appropriate to reduce unreasonable incentives for officers and employees to take undue risks.

Requires such regulators to prescribe joint regulations that prohibit any compensation structure or incentive-based payment arrangement that encourages inappropriate risks by financial institutions or their officers or employees that could: (1) threaten the safety and soundness of covered financial institutions; or (2) present serious adverse effects on economic conditions or financial stability.

]]> 17 2009-07-30 Reported to House with amendment(s) 2009-09-01T20:44:21Z Corporate and Financial Institution Compensation Fairness Act of 2009 - (Sec. 2) Amends the Securities Exchange Act of 1934 to require that any proxy or consent or authorization for an annual shareholders meeting provide for a separate shareholder vote to approve executive compensation for named executive officers as disclosed pursuant to rules of the Securities and Exchange Commission (SEC).

States that the shareholder vote shall not be: (1) binding on the corporation or the board of directors; (2) construed as overruling a board decision, or as creating or implying any additional fiduciary duty by the board; or (3) construed as restricting or limiting shareholder ability to place executive compensation proposals within proxy materials.

Requires solicitations that seek shareholder approval of an acquisition, merger, consolidation, or proposed sale or other disposition of assets to disclose clearly and simply in the proxy or consent solicitation material any agreements or understandings with named executive officers of the disposing or the acquiring issuer concerning (golden parachute) compensation (present, deferred, or contingent) that is based upon or relates to such asset disposition, including the aggregate total compensation to or on behalf of such executive officer.

Requires separate shareholder approval of such golden parachute agreements or understandings and compensation, as disclosed, unless already subject to a shareholder vote at an annual shareholders meeting. States that a separate shareholder vote on golden parachute compensation shall not be: (1) binding on the issuer or its board of directors or the person making the solicitation; or (2) construed as overruling a decision by such person or issuer, or as creating or implying any additional fiduciary duty by any such person or issuer.

Requires certain institutional investment managers to report annually how they voted on any shareholder vote.

Authorizes the SEC, after taking into account the potential impact on smaller reporting issuers, to exempt certain categories of issuers from the requirements of this Act.

Prohibits compensation previously approved by a majority of shareholders from being subject to any clawback (recovery to the issuer) except: (1) in accordance with a contract providing such a clawback; or (2) in the case of fraud on the executive's part.

(Sec. 3) Directs the SEC to direct the national securities exchanges and national securities associations to prohibit the listing of any class of equity security of an issuer that does not comply with specified requirements for compensation committees (or equivalent bodies) established by and amongst an issuer's board of directors for the purpose of determining and approving the compensation arrangements for the issuer's executive officers.

Requires each member of the compensation committee of the issuer's board of directors to be independent. Prohibits any compensation committee member from accepting any consulting, advisory, or other compensatory fee from the issuer. Allows for SEC exemptions from such requirements for particular relationships.

Requires a compensation consultant, legal counsel, or other adviser to an issuer's compensation committee to meet SEC independence standards.

Grants the compensation committee of each issuer discretionary authority to retain and obtain the advice of a compensation consultant meeting SEC independence standards. Requires any proxy or consent solicitation material for an annual shareholder meeting to disclose whether the issuer's compensation committee retained and obtained the advice of an independent compensation consultant.

Authorizes a compensation committee to retain and obtain the advice of independent counsel and other independent advisers.

Directs the SEC to study and report to Congress on the use of independent compensation consultants.

(Sec. 4) Directs federal regulators to prescribe jointly regulations requiring each covered financial institution to disclose the structures of all incentive-based compensation arrangements sufficient to determine whether the compensation structure: (1) is aligned with sound risk management; (2) is structured to account for the time horizon of risks; and (3) meets other criteria appropriate to reduce unreasonable incentives offered by such institutions for employees to take undue risks.

Requires such regulators to prescribe jointly regulations that prohibit any compensation structure or incentive-based payment arrangement that encourages inappropriate risks by financial institutions that could: (1) threaten the safety and soundness of covered financial institutions; or (2) present serious adverse effects upon economic conditions or financial stability.

Exempts covered financial institutions with assets of less than $1 billion from these compensation arrangement disclosure requirements.

Directs the Comptroller General to study and report to Congress on whether there is a correlation between compensation structures and excessive risk taking. Requires the study, in determining whether a company failed, or nearly failed but for government assistance, to focus on: (1) companies that received exceptional assistance under the Troubled Asset Relief Program (TARP) under the Emergency Economic Stabilization Act of 2009 (EESA) or other forms of significant government assistance, including under the Automotive Industry Financing Program, the Targeted Investment Program, the Asset Guarantee Program, and the Systemically Significant Failing Institutions Program; (2) the Federal National Mortgage Association (Fannie Mae); (3) the Federal Home Loan Mortgage Corporation (Freddie Mac); and (4) companies that participated in the SEC's Consolidated Supervised Entities Program as of January 2008.


]]> 36 2009-07-31 Passed House amended 2009-09-01T20:44:49Z Corporate and Financial Institution Compensation Fairness Act of 2009 - (Sec. 2) Amends the Securities Exchange Act of 1934 to require that any proxy or consent or authorization for an annual shareholders meeting provide for a separate shareholder vote to approve executive compensation for named executive officers as disclosed pursuant to rules of the Securities and Exchange Commission (SEC).

States that the shareholder vote shall not be: (1) binding on the corporation or the board of directors; (2) construed as overruling a board decision, or as creating or implying any additional fiduciary duty by the board; or (3) construed as restricting or limiting shareholder ability to place executive compensation proposals within proxy materials.

Requires solicitations that seek shareholder approval of an acquisition, merger, consolidation, or proposed sale or other disposition of assets to disclose clearly and simply in the proxy or consent solicitation material any agreements or understandings with named executive officers of the disposing or the acquiring issuer concerning (golden parachute) compensation (present, deferred, or contingent) that is based upon or relates to such asset disposition, including the aggregate total compensation to or on behalf of such executive officer.

Requires separate shareholder approval of such golden parachute agreements or understandings and compensation, as disclosed, unless already subject to a shareholder vote at an annual shareholders meeting. States that a separate shareholder vote on golden parachute compensation shall not be: (1) binding on the issuer or its board of directors or the person making the solicitation; or (2) construed as overruling a decision by such person or issuer, or as creating or implying any additional fiduciary duty by any such person or issuer.

Requires certain institutional investment managers to report annually how they voted on any shareholder vote.

Authorizes the SEC, after taking into account the potential impact on smaller reporting issuers, to exempt certain categories of issuers from the requirements of this Act.

(Sec. 3) Directs the SEC to direct the national securities exchanges and national securities associations to prohibit the listing of any class of equity security of an issuer that does not comply with specified requirements for compensation committees (or equivalent bodies) established by and amongst an issuer's board of directors for the purpose of determining and approving the compensation arrangements for the issuer's executive officers.

Requires each member of the compensation committee of the issuer's board of directors to be independent. Prohibits any compensation committee member from accepting any consulting, advisory, or other compensatory fee from the issuer. Allows for SEC exemptions from such requirements for particular relationships.

Requires a compensation consultant, legal counsel, or other adviser to an issuer's compensation committee to meet SEC independence standards.

Grants the compensation committee of each issuer discretionary authority to retain and obtain the advice of a compensation consultant meeting SEC independence standards. Requires any proxy or consent solicitation material for an annual shareholder meeting to disclose whether the issuer's compensation committee retained and obtained the advice of an independent compensation consultant.

Authorizes a compensation committee to retain and obtain the advice of independent counsel and other independent advisers.

Directs the SEC to study and report to Congress on the use of independent compensation consultants.

(Sec. 4) Directs federal regulators to prescribe jointly regulations requiring each covered financial institution to disclose the structures of all incentive-based compensation arrangements sufficient to determine whether the compensation structure: (1) is aligned with sound risk management; (2) is structured to account for the time horizon of risks; and (3) meets other criteria appropriate to reduce unreasonable incentives offered by such institutions for employees to take undue risks.

Requires such regulators to prescribe jointly regulations that prohibit any compensation structure or incentive-based payment arrangement that encourages inappropriate risks by financial institutions that could: (1) threaten the safety and soundness of covered financial institutions; or (2) present serious adverse effects upon economic conditions or financial stability.

Exempts covered financial institutions with assets of less than $1 billion from these compensation arrangement disclosure requirements.

Prohibits any such regulation from requiring the recovery (clawback) of incentive-based compensation under compensation arrangements in effect on the date of enactment of this Act if such an agreement is for a period of no more than 24 months. Declares that this Act shall neither prevent nor limit the recovery of incentive-based compensation under any other applicable law.

Directs the Comptroller General to study and report to Congress on whether there is a correlation between compensation structures and excessive risk taking. Requires the study, in determining whether a company failed, or nearly failed but for government assistance, to focus on: (1) companies that received exceptional assistance under the Troubled Asset Relief Program (TARP) under the Emergency Economic Stabilization Act of 2009 (EESA) or other forms of significant government assistance, including under the Automotive Industry Financing Program, the Targeted Investment Program, the Asset Guarantee Program, and the Systemically Significant Failing Institutions Program; (2) the Federal National Mortgage Association (Fannie Mae); (3) the Federal Home Loan Mortgage Corporation (Freddie Mac); and (4) companies that participated in the SEC's Consolidated Supervised Entities Program as of January 2008.

]]> Corporate and Financial Institution Compensation Fairness Act of 2009 Display Title Corporate and Financial Institution Compensation Fairness Act of 2009 Official Title as Introduced To amend the Securities Exchange Act of 1934 to provide shareholders with an advisory vote on executive compensation and to prevent perverse incentives in the compensation practices of financial institutions. Introduced in House IH Short Titles as Introduced Corporate and Financial Institution Compensation Fairness Act of 2009 Short Titles as Reported to House Corporate and Financial Institution Compensation Fairness Act of 2009 H House Short Titles as Passed House Corporate and Financial Institution Compensation Fairness Act of 2009 H House 410 111 HAMDT Amendment in the nature of a substitute sought to insert a complete new text entitled "Corporate and Financial Institution Compensation Fairness Act of 2009". An amendment in the nature of a substitute numbered 2 printed in House Report 111-237 to insert a complete new text entitled "Corporate and Financial Institution Compensation Fairness Act of 2009". 2022-02-03T06:10:01Z 2009-07-31 On agreeing to the Garrett (NJ) amendment (A002) Failed by recorded vote: 179 - 244 (Roll no. 684). 13:38:04 Roll no. 684 https://clerk.house.gov/evs/2009/roll684.xml G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 2009-07-31T04:00:00Z House of Representatives 111 HR House H 3269 Corporate and Financial Institution Compensation Fairness Act of 2009 2023-01-11T13:18:27Z House Report 111-237 https://www.congress.gov/congressional-report/111th-congress/house-report/237 8 2009-07-31 13:38:04 On agreeing to the Garrett (NJ) amendment (A002) Failed by recorded vote: 179 - 244 (Roll no. 684). Floor H34111 2 House floor actions 684 House 111 2009-07-31T17:38:04Z 1 https://clerk.house.gov/evs/2009/roll684.xml 2009-07-31 11:08:20 Amendment (A002) in the nature of a substitute offered by Mr. Garrett (NJ). (consideration: CR H9227-9233, H9241-9242; text: CR H9227-9228) Floor H3A100 2 House floor actions 2009-07-31 11:08:20 House amendment offered/reported by : Amendment (A002) in the nature of a substitute offered by Mr. Garrett (NJ).(consideration: CR H9227-9233, H9241-9242; text: CR H9227-9228) NotUsed 71500 9 Library of Congress 2009-07-31 13:38:04 House amendment not agreed to: On agreeing to the Garrett (NJ) amendment (A002) Failed by recorded vote: 179 - 244 (Roll no. 684). Floor 73000 9 Library of Congress 684 House 111 2009-07-31T17:38:04Z 1 https://clerk.house.gov/evs/2009/roll684.xml 2009-07-31 13:38:04 Amendment failed by House: On agreeing to the Garrett (NJ) amendment (A002) Failed by recorded vote: 179 - 244 (Roll no. 684). NotUsed 80000 9 Library of Congress 684 House 111 2009-07-31T17:38:04Z 1 https://clerk.house.gov/evs/2009/roll684.xml 2009-07-31 13:38:04 Roll call votes on amendments in House Floor 75000 9 Library of Congress 684 House 111 2009-07-31T17:38:04Z 1 https://clerk.house.gov/evs/2009/roll684.xml 2009-07-31 House amendment offered Floor 71000 9 Library of Congress 409 111 HAMDT Amendment, as offered, strikes provisions prohibiting callbacks of executive compensation approved by shareholders and inserts language prohibiting rules of financial regulators from requiring recovery of incentive-based pay under arrangements in effect on the date of enactment. As modified (page H9226 of the Congressional Record), text is inserted which clarifies that the intent is to prevent the SEC from making inappropriate requirements with respect to executive compensation. An amendment numbered 1 printed in House Report 111-237 to strike language prohibiting clawbacks of executive compensation approved by shareholders and insert language prohibiting rules of financial regulators from requiring recovery of incentive-based pay under arrangements in effect on the date of enactment. 2022-02-03T06:10:01Z 2009-07-31 On agreeing to the Frank (MA) amendment (A001) as modified Agreed to by recorded vote: 242 - 178 (Roll no. 683). (text as modified: CR H9226) 13:30:45 H9226 https://www.congress.gov/congressional-record/volume-155/house-section/page/H9226 Roll no. 683 https://clerk.house.gov/evs/2009/roll683.xml F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2009-07-31T04:00:00Z House of Representatives 111 HR House H 3269 Corporate and Financial Institution Compensation Fairness Act of 2009 2023-01-11T13:18:27Z House Report 111-237 https://www.congress.gov/congressional-report/111th-congress/house-report/237 9 2009-07-31 13:30:45 On agreeing to the Frank (MA) amendment (A001) as modified Agreed to by recorded vote: 242 - 178 (Roll no. 683). (text as modified: CR H9226) Floor H34111 2 House floor actions 683 House 111 2009-07-31T17:30:45Z 1 https://clerk.house.gov/evs/2009/roll683.xml 2009-07-31 11:05:19 Frank (MA) amendment (A001) modified by unanimous consent. The amendment, as modified, inserts new text into the "Limitation" provision. The provision is modified to read: ยข (f)Limitation- No regulation promulgated pursuant to this section shall be allowed to require the recovery of incentive-basedcompensation under compensation arrangements in effect on the date of enactment of this Act, provided such compensation agreements are for a period of no more than 24 months. Nothing in this Act shall prevent or limit the recovery of incentive-based compensation under any other applicable law. Floor H34160 2 House floor actions 2009-07-31 10:56:06 Amendment (A001) offered by Mr. Frank (MA). (consideration: CR H9225-9227, H9240-9241; text: CR H9225) Floor H3A100 2 House floor actions 2009-07-31 10:56:06 House amendment offered/reported by : Amendment (A001) offered by Mr. Frank (MA).(consideration: CR H9225-9227, H9240-9241; text: CR H9225) NotUsed 71500 9 Library of Congress 2009-07-31 13:30:45 Amendment agreed to by House: On agreeing to the Frank (MA) amendment (A001) as modified Agreed to by recorded vote: 242 - 178 (Roll no. 683).(text as modified: CR H9226) NotUsed 79000 9 Library of Congress 683 House 111 2009-07-31T17:30:45Z 1 https://clerk.house.gov/evs/2009/roll683.xml 2009-07-31 13:30:45 Roll call votes on amendments in House Floor 75000 9 Library of Congress 683 House 111 2009-07-31T17:30:45Z 1 https://clerk.house.gov/evs/2009/roll683.xml 2009-07-31 13:30:45 House amendment agreed to: On agreeing to the Frank (MA) amendment (A001) as modified Agreed to by recorded vote: 242 - 178 (Roll no. 683).(text as modified: CR H9226) Floor 72000 9 Library of Congress 683 House 111 2009-07-31T17:30:45Z 1 https://clerk.house.gov/evs/2009/roll683.xml 2009-07-31 House amendment offered Floor 71000 9 Library of Congress Referred in Senate 2009-08-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr3269rfs/xml/BILLS-111hr3269rfs.xml Engrossed in House 2009-07-31T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr3269eh/xml/BILLS-111hr3269eh.xml Reported in House 2009-07-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr3269rh/xml/BILLS-111hr3269rh.xml Introduced in House 2009-07-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr3269ih/xml/BILLS-111hr3269ih.xml 2009-08-03 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.