3.0.0 3452 2023-01-11T13:18:22Z 2023-01-11T13:18:22Z House H HR 2009-07-31 111 hsba00 Financial Services Committee House Standing Referred to 2009-07-31T13:19:40Z hswm00 Ways and Means Committee House Standing Referred to 2009-07-31T13:18:50Z Bailout Bonus Tax Bracket Act of 2009 111 1518 HR 2009-03-16 Referred to the House Committee on Ways and Means. Related bill CRS To amend the Internal Revenue Code of 1986 to impose a higher rate of tax on bonuses paid by certain businesses owned by the Federal Government. 111 1527 HR 2009-03-16 Referred to the House Committee on Ways and Means. Related bill CRS To amend the Internal Revenue Code of 1986 to impose a 100 percent tax on bonuses paid by businesses that receive TARP assistance and are majority owned by the Federal Government. 111 1542 HR 2009-03-17 Referred to the House Committee on Ways and Means. Related bill CRS To amend the Internal Revenue Code of 1986 to impose a tax on bonuses received from companies receiving TARP funds. 111 1543 HR 2009-03-17 Referred to the House Committee on Ways and Means. Related bill CRS Taxpayer Protection Act 111 1572 HR 2009-03-17 Referred to the House Committee on Ways and Means. Related bill CRS FAA Air Transportation Modernization and Safety Improvement Act 111 1586 HR 2010-08-10 Became Public Law No: 111-226. Related bill CRS AIG Key Executives Bonus Accountability and Capture (TAKE BACK) Act 111 1598 HR 2009-03-18 Referred to the House Committee on Ways and Means. Related bill CRS To amend the Internal Revenue Code of 1986 to impose a 70 percent tax on certain compensation received from certain companies receiving Federal bailout funds. 111 1801 HR 2009-03-30 Referred to the House Committee on Ways and Means. Related bill CRS 2009-07-31 Referred to House Financial Services IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-07-31 Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2009-07-31 Referred to House Ways and Means IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2009-07-31 Sponsor introductory remarks on measure. (CR H9249) IntroReferral B00100 9 Library of Congress 2009-07-31 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-07-31 Introduced in House IntroReferral 1000 9 Library of Congress K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 N G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2010-07-26 False S001045 Rep. Stupak, Bart [D-MI-1] BART STUPAK D MI 1 2010-07-30 False Taxation Corporate finance and management Financial crises and stabilization Housing and community development funding Income tax rates Wages and earnings Taxation 00 2009-07-31 Introduced in House 2010-06-16T20:18:16Z Recoupment of Wall Street Bonus Act - Imposes an additional income tax on bonuses paid to employees or former employees of covered Troubled Asset Relief Program (TARP) recipients. Defines "covered TARP recipient" to include: (1) entities and their affiliates that received capital infusions under the Emergency Economic Stabilization Act of 2008 exceeding $5 billion; and (2) the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Exempts entities that repay TARP amounts exceeding a $5 billion threshold.

Sets the rate of such tax at 100% of the lesser of: (1) the bonus amounts paid; or (2) the amount of such taxpayer's adjusted gross income exceeding $250,000 ($125,000 in the case of a married individual filing a separate return). Exempts any employee who irrevocably waives or returns a bonus payment before the close of the taxable year in which such payment is due.

Requires tax revenues generated by this Act to be paid to the Department of Housing and Urban Development (HUD) to fund community development programs.

]]> Recoupment of Wall Street Bonus Act Display Title Recoupment of Wall Street Bonus Act Official Title as Introduced To impose a tax on Wall Street bonuses received from TARP recipients and direct revenue to mortgage workouts. Introduced in House IH Short Titles as Introduced Recoupment of Wall Street Bonus Act Introduced in House 2009-07-31T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr3452ih/xml/BILLS-111hr3452ih.xml 2009-07-31 Referred to House 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.