[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1673 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 1673

To amend the Emergency Economic Stabilization Act of 2008 with respect 
                           to bonus payments.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 23, 2009

  Mr. Daniel E. Lungren of California introduced the following bill; 
       which was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To amend the Emergency Economic Stabilization Act of 2008 with respect 
                           to bonus payments.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REPEAL OF PROVISION.

    Section 111(b)(3)(D) of the Emergency Economic Stabilization Act of 
2008 (12 U.S.C. 5221(b)(3)(D)) is amended by striking ``(iii) The 
prohibition required under clause (i) shall not be construed to 
prohibit any bonus payment required to be paid pursuant to a written 
employment contract executed on or before February 11, 2009, as such 
valid employment contracts are determined by the Secretary or the 
designee of the Secretary.''.
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