I 111th CONGRESS 1st Session H. R. 1714 IN THE HOUSE OF REPRESENTATIVES March 25, 2009 Mr. Brady of Pennsylvania introduced the following bill; which was referred to the Committee on Financial Services A BILL To require that the Board Compensation Committees required for financial institutions receiving assistance under the Troubled Assets Relief Program include the representation of the financial institution’s lowest paid employees.

1.

Board of directors requirement

Section 111(c) of the Emergency Economic Stabilization Act of 2008 (12 U.S.C. 5221(b)(3)) is amended by redesignating paragraphs (2) and (3) as paragraphs (3) and (4), respectively, and inserting after paragraph (1) the following: (2)

Representation

At least 1 member of the Board Compensation Committee shall be an employee of the TARP recipient whose compensation as an employee is within the lowest 20 percent of compensation of all employees and executives of the TARP recipient. .