CORPORATIONS
Amendments
Business and industry: provide shareholders with an advisory vote on executive compensation and prevent perverse incentives in the compensation practices of financial institutions (H.R. 3269), H9225, H9226, H9227 [31JY]
Dept. of the Treasury: prohibit unreasonable and excessive compensation and compensation not based on performance standards for Troubled Asset Relief Program assistance recipients (H.R. 1664), H4294, H4295, H4296, H4298, H4300, H4302, H4304, H4305, H4306 [1AP]
Economy: provide financial regulatory reform, protect consumers and investors, enhance Federal understanding of insurance issues, and regulate the over-the-counter derivatives markets (H.R. 4173), H14650, H14680, H14682, H14709, H14710, H14712, H14714, H14716, H14718, H14721, H14723, H14726, H14734, H14736 [10DE], H14747, H14748, H14750, H14751, H14752, H14757, H14758, H14760, H14762, H14764, H14776 [11DE]
House Rules: allow consideration of motions to suspend rules and consider certain legislation (H. Res. 257), H3653 [19MR]
Taxation: impose a higher rate of tax on bonuses paid by businesses receiving Troubled Asset Relief Program funds (H.R. 1586), H3659 [19MR]
Articles and editorials
AIG and ``Political Risk'', S3586 [23MR]
Americans' Net Worth Shrinks $1.33 Trillion in 1Q, H6665 [12JN]
Beyond AIG—A Bill To Let Big Government Set Your Salary, H4267 [1AP]
CEOs Openly Oppose Push for Say-on-Pay by Shareholders, H9223 [31JY]
Private Talks for Public Stimulus; Obama Has Said He Wants Congress To Work in the Open. But He Isn't Troubled by the Recent Negotiations, H3818 [24MR]
Real AIG Outrage, S3581 [19MR]
Stock Traders Find Speed Pays, in Milliseconds, S8185 [28JY]
Washington Gone Wild, S3586 [23MR]
Bills and resolutions
Antitrust Criminal Penalty Enhancement and Reform Act: delay sunset (see S. 1219), S6364 [9JN] (see H.R. 2675), H6154 [3JN]
Aviation: require that the aircraft used as Air Force One is made in the U.S. by a domestically-owned company (see H.R. 680), H525 [26JA]
Business and industry: add requirements for board of directors committees regarding risk management and compensation policies and require non-binding shareholder votes on executive compensation (see H.R. 3272), H8494 [21JY]
———increase corporate responsibility (see S. 2813), S11883 [20NO]
———permit sharing of confidential supervisory information with foreign auditor oversight bodies (see H.R. 3346), H8872 [27JY]
———prohibit employers from enforcing binding arbitration to settle work-related rape claims (see S. 2915), S13458 [18DE]
———provide shareholders with a non-binding vote on executive compensation (see H.R. 3351), H8872 [27JY]
———provide shareholders with an advisory vote on executive compensation and prevent perverse incentives in the compensation practices of financial institutions (see H.R. 3269), H8494 [21JY]
———provide shareholders with an advisory vote on executive compensation and prevent perverse incentives in the compensation practices of financial institutions (H.R. 3269), consideration (see H. Res. 697), H9204 [30JY]
———provide shareholders with enhanced authority over the nomination, election, and compensation of public company executives (see S. 1074), S5614 [19MY]
———require a supermajority shareholder vote to approve excessive compensation of any employee of a publicly-traded company (see S. 1006), S5281 [7MY]
———require employees at call centers who initiate or receive telephone calls to disclose physical location of such employees (see H.R. 3621), H9806 [22SE]
———require institutions receiving Troubled Asset Relief Program or FRS assistance to have employee bonus plans approved in advance of payments (see H.R. 1652), H3705 [19MR]
Buy American Act: clarify applicability to products purchased for use of legislative branch (see H.R. 2039), H4686 [22AP]
———increase requirement for American-made content and tighten waiver provisions (see S. 2890), S13319 [16DE] (see H.R. 4351), H15499 [16DE]
Congress: prohibit passage of further massive spending initiatives for bailout purposes (see H. Res. 199), H2874 [26FE]
Crime: require disclosure of beneficial owners of newly incorporated entities to prevent exploitation for criminal gain and assist law enforcement with terrorism and money laundering prevention (see S. 569), S3025 [11MR]
Dept. of Justice: prohibit U.S. Attorneys and assistant U.S. Attorneys from acting as or working for corporate monitors for specified periods after their Federal service (see H.R. 4283), H14826 [11DE]
Dept. of Labor: prescribe regulations requiring employers with more than one establishment and not fewer than 500 employees to report work-related deaths, injuries, and illnesses (see H.R. 2113), H4839 [27AP]
———require employers certify that they have not and will not lay off employees prior to employing foreign workers (see S. 2804), S11594 [19NO]
Dept. of the Treasury: clarify treatment of dividends paid on shares of preferred stock issued by financial institutions which received financial assistance under the Troubled Asset Relief Program (see H.R. 3020), H7249 [24JN]
———condition receipt of Troubled Asset Relief Program assistance on repayment of any bonuses received during the past 5 years by the ten highest wage earners of an institution (see H.R. 1656), H3705 [19MR]
———establish executive compensation and corporate governance requirements for institutions receiving assistance under the Troubled Asset Relief Program (see H.R. 851), H1041 [4FE]
———establish Temporary Economic Recovery Adjustment Panel to recoup excessive deferred executive compensation from Troubled Asset Relief Program assistance recipients (see S. 431), S2229 [12FE]
———establish U.S. Employee Ownership Bank (see S. 2914), S13458 [18DE]
———express that any interest or dividends repaid through the Troubled Asset Relief Program should be used solely for debt reduction (see H. Res. 639), H8025 [13JY]
———halt purchase of luxury jet by Citigroup Inc., and require Troubled Asset Relief Program recipients to assist homeowners and small business and limit executive compensation and perks (see H. Res. 94), H602 [27JA]
———limit compensation to officers and directors of entities receiving Troubled Asset Relief Program funds (see S. 360), S1124 [30JA] (see H.R. 857), H1041 [4FE]
———limit excessive and luxury expenses by Troubled Asset Relief Program assistance recipients (see H.R. 979), H1246 [11FE]
———limit Federal emergency economic assistance payments to certain recipients (see S. 680), S3657 [24MR]
———prohibit receipt of common stock or certain other voting stock under the Troubled Asset Relief Program (see H.R. 1180), H2834 [25FE]
———prohibit recipients of Troubled Asset Relief Program assistance from using such funds for lobbying or political contributions, and improve corporate governance (see S. 133), S42 [6JA] (see H.R. 1095), H1606 [13FE]
———prohibit unreasonable and excessive compensation and compensation not based on performance standards for Troubled Asset Relief Program assistance recipients (see H.R. 1664), H3748 [23MR]
———prohibit unreasonable and excessive compensation and compensation not based on performance standards for Troubled Asset Relief Program assistance recipients (H.R. 1664), consideration (see H. Res. 306), H4249 [31MR]
———pursue every legal means to stay or recoup certain incentive bonus payments made by American International Group, Inc. (AIG) to employees and require approval of such payments (see H.R. 1577), H3640 [18MR]
———recoup bonus payments made by American International Group, Inc. (AIG) to employees and prevent Troubled Asset Relief Program assistance recipients from making excessive compensation (see H. Con. Res. 76), H3705 [19MR]
———repeal effective date on limiting bonuses to executives of entities receiving Troubled Asset Relief Program funds (see H.R. 1582), H3640 [18MR] (see H.R. 1673), H3748 [23MR]
———require a public database of executive compensation of institutions receiving assistance under the Troubled Asset Relief Program (see H.R. 807), H920 [3FE]
———require institutions receiving assistance under the Troubled Asset Relief Program to report certain corporate data (see H.R. 846), H1041 [4FE]
———require institutions receiving Troubled Asset Relief Program assistance to restrict compensation increases for officers, directors, and employees to the Federal civil service pay increase (see H.R. 1603), H3641 [18MR]
———require that Board Compensation Committees required for financial institutions receiving Troubled Asset Relief Program assistance to include representation of lowest paid employees (see H.R. 1714), H4026 [25MR]
———transmit copies of documents on break-up of, negotiations on additional assistance, and payment of executive bonuses to American International Group, Inc. (AIG) (see H. Res. 251), H3526 [17MR]
———transmit copies of documents on break-up of, negotiations on additional assistance, and payment of executive bonuses to American International Group, Inc. (AIG) (H. Res. 251), consideration (see H. Res. 359), H4733 [23AP]
Dept. of Veterans Affairs: modify and update provisions of law relative to nonprofit research and education corporations (see H.R. 2722), H6264 [4JN] (see H.R. 2770), H6413 [9JN]
Economy: provide financial regulatory reform, protect consumers and investors, enhance Federal understanding of insurance issues, and regulate the over-the-counter derivatives markets (see H.R. 4173), H13465 [2DE]
———provide financial regulatory reform, protect consumers and investors, enhance Federal understanding of insurance issues, and regulate the over-the-counter derivatives markets (H.R. 4173), consideration (see H. Res. 956), H13627 (see H. Res. 956), H14370 [8DE] (see H. Res. 964), H14742 [10DE]
———provide financial regulatory reform, protect consumers and investors, enhance understanding of insurance issues, and regulate over-the-counter derivatives markets (H.R. 4173), consideration—same-day consideration (see H. Res. 962), H14445 [9DE]
———reform the financial regulatory system of the U.S. (see H.R. 3310), H8707 [23JY]
Financial institutions: address the concept of ``Too Big To Fail'' through improved regulation and breaking up large banks in order to prevent future Government bailouts (see S. 2746), S11205 [5NO] (see H.R. 4142), H13353 [19NO]
———provide equitable remedies to mutual savings institutions to defend against individuals acting as a de facto corporation attempting a hostile takeover of the institution (see H.R. 1553), H3525 [17MR]
Foreign countries: take action against certain judgment evading foreign states and state-owned corporations of such states (see H.R. 2493), H5791 [19MY]
FRS: require Board of Governors to publish information on financial assistance provided to various entities (see S. 513), S2691 [3MR] (see H.R. 1348), H3054 [5MR]
Government: prohibit from holding ownership interests in private companies (see S. 1242), S6542 [11JN] (see H.R. 2904), H6903 [16JN]
Government regulations: improve efficiency of complying with internal auditing control requirements in order to maintain U.S. capital market global competitiveness (see H.R. 1797), H4129 [30MR]
House Rules: allow consideration of motions to suspend rules and consider certain legislation (see H. Res. 257), H3640 [18MR]
IRS: limit regulatory authority relative to limitation on losses following ownership change (see S. 2916), S13458 [18DE]
National Credit Union Administration: increase borrowing authority, establish an insurance fund restoration plan period, and assess costs of corporate credit union stabilization on an anti-cyclical basis (see H.R. 2351), H5483 [12MY]
SEC: provide for rules and standards relative to the election of boards of directors and certain requirements for compensation of executives (see H.R. 2861), H6743 [12JN]
———reinstate uptick rule and effectively regulate abusive short selling activities (see S. 605), S3113 [16MR]
———reinstate uptick rule on short sales of securities (see H.R. 302), H88 [8JA]
———reinstate uptick rule on short sales of securities and suspend application of mark-to-market accounting principles (see H.R. 1406), H3144 [10MR]
———suspend application of mark-to-market accounting principles (see H.R. 1909), H4520 [2AP]
Securities: constitutional amendment to prohibit the U.S. from owning stock in private corporations (see H.J. Res. 57), H7145 [23JN]
Taxation: allow a temporary dividends received deduction for certain taxable years (see H.R. 507), H323 [14JA]
———allow individuals to defer recognition of reinvested capital gains distributions from regulated investment companies (see S. 1082), S5699 [20MY]
———allow individuals to defer tax on income reinvested in a partnership or S corporation (see H.R. 2284), H5306 [6MY]
———allow S corporations the deduction for charitable contributions of inventory (see S. 2841), S12618 [7DE]
———allow S corportations the deduction for charitable contributions of inventory (see H.R. 4069), H13001 [16NO]
———clarify that personal service corporations may continue to use the cash method of accounting (see H.R. 3255), H8355 [17JY]
———deny a deduction for excessive compensation of any employee of an employer (see S. 1007), S5281 [7MY]
———expand availability of employee stock ownership plans in S corporations (see H.R. 3586), H9670 [16SE]
———extend look-through treatment of payments between related controlled foreign corporations (see H.R. 2098), H4733 [23AP]
———impose a higher rate of tax on bonuses paid by businesses receiving Troubled Asset Relief Program funds (see H.R. 1518), H3437 [16MR] (see H.R. 1543), H3525 [17MR] (see H.R. 1586), H3640 (see H.R. 1598), H3641 [18MR]
———impose a higher rate of tax on bonuses paid by certain businesses owned by the Government (see H.R. 1527), H3437 [16MR]
———impose a 100 percent tax on bonuses paid by businesses that receive Troubled Asset Relief Program assistance and are majority owned by the Federal Government (see H.R. 1542), H3525 [17MR]
———impose additional tax on bonuses received from certain Troubled Asset Relief Program recipients and use revenue to fund Dept. of HUD Section 4 property recovery programs (see H.R. 3452), H9276 [31JY]
———impose an excise tax on bonuses paid to employees by businesses that receive Federal emergency economic assistance and limit amount of compensation that employees may defer from taxation (see S. 651), S3550 [19MR]
———impose an excise tax on bonuses paid to employees by businesses that receive Troubled Asset Relief Program assistance (see H.R. 1572), H3526 [17MR]
———increase penalty for failure to file a partnership or S corporation return (see H.R. 1241), H2886 [2MR]
———limit deductibility of excessive rates of executive compensation (see H.R. 1594), H3641 [18MR]
———permanently extend the research credit, increase expensing for small businesses, and reduce corporate tax rates (see H.R. 1613), H3703 [19MR]
———permit consolidation of life insurance companies with other companies (see H.R. 3399), H9204 [30JY]
———prevent the avoidance of tax on income from assets held abroad (see S. 1934), S10776 [27OC] (see H.R. 3933), H11867 [27OC]
———provide an enhanced credit for research and development by companies that manufacture products in the U.S. (see S. 1021), S5371 [12MY]
———provide Federal contracting preferences for, and a reduction in income tax rates on, patriot corporations (see H.R. 1874), H4518 [2AP]
———provide for the treatment of S corporations for purposes of election of the alternative tax on qualifying shipping activities (see S. 1656), S9186 [9SE]
———provide individual and corporate income tax relief, reduce the employee share of payroll taxes, and rescind unobligated stimulus funds (see H.R. 4100), H13265 [18NO]
———provide tax credit to employers headquartered in U.S., that pay fair wages, provide benefits, offset income for employees serving in Reserves, and respect the right to organize (see S. 829), S4445 [20AP]
———provide that corporate tax benefits based upon stock option compensation expenses be consistent with accounting expenses shown in corporate financial statements for such compensation (see S. 1491), S7868 [22JY]
———reform laws relative to individuals, estate and gift taxes, corporate rates, capital gains and dividends, retirement savings, lifetime savings, life skills, and certain medical care (see H.R. 99), H31 [6JA]
———repeal tax deferral on income of controlled foreign corporations attributable to imported property (see S. 260), S598 [15JA]
———require a study on eliminating Federal taxes on individuals and corporations and replacing the Federal tax code with a transaction fee-based system (see H.R. 1703), H4025 [25MR]
———restrict use of abusive tax shelters and offshore tax havens to inappropriately avoid Federal taxation (see S. 506), S2623 [2MR] (see H.R. 1265), H2923 [3MR]
———S corporation reform (see S. 996), S5281 [7MY] (see H.R. 2910), H6971 [17JN]
———treatment of publicly traded partnerships directly or indirectly deriving income from providing investment adviser and related asset management services (see H.R. 2762), H6306 [8JN]
Letters
Corporate and Financial Institution Compensation Fairness Act: Dan Mica, Credit Union National Association, E2222 [9SE]
———Fred R. Becker, Jr., National Association of Federal Credit Unions, E2221 [9SE]
———R. Bruce Josten, U.S. Chamber of Commerce, E2221 [9SE]
———several business organizations, E2220 [9SE]
———Steve Bartlett, Financial Services Roundtable (organization), E2222 [9SE]
———Timothy J. Bartl, Center on Executive Compensation, E2222 [9SE]
Exempt certain publicly traded companies from establishing internal financial operations controls and obtaining an outside audit to validate soundness: Benjamin J. McKay III, Property Casualty Insurers Association of America, H14725 [10DE]
———Clarke D. Camper, NYSE Euronext (company), H14725 [10DE]
———James C. Greenwood, Biotechnology Industry Organization, H14725 [10DE]
———John Berlau, Competitive Enterprise Institute, H14726 [10DE]
———Stephen Verdier, Independent Community Bankers of America (organization), H14725 [10DE]
Require Troubled Asset Relief Program assistance recipients to repay excessive bonuses paid to employees and pay an excise tax on amounts not repaid: Edward Kleinbard, Committee on Taxation (Joint), S1478 [4FE]
Troubled Asset Relief Program extension: several Representatives, H14484 [10DE]
Wall Street Reform and Consumer Protection Act: Representative Frank, Committee on Financial Services (House), H14441 [9DE]
———Representative Towns, Committee on Oversight and Government Reform (House), H14440 [9DE]
———several organizations, H14719, H14720 [10DE]
Lists
American International Group, Inc. (AIG) bailout beneficiaries, S3581 [19MR]
Motions
Business and industry: provide shareholders with an advisory vote on executive compensation and prevent perverse incentives in the compensation practices of financial institutions (H.R. 3269), H9242 [31JY]
Economy: provide financial regulatory reform, protect consumers and investors, enhance Federal understanding of insurance issues, and regulate the over-the-counter derivatives markets (H.R. 4173), H14800 [11DE]
Remarks in House
American International Group, Inc. (AIG): awarding of bonuses to executives after receiving Government bailout funds, H3415, H3417, H3418, H3423 [16MR], H3446, H3447, H3448, H3449, H3472, H3473, H3475, H3477, H3478, H3505, H3506, H3519 [17MR], H3530, H3532, H3536, H3608, H3610, H3614-H3618, H3620, H3624 [18MR], H3656-H3664, H3687, H3691-H3697 [19MR], H3710-H3712, H3721 [23MR], H3792, H3793, H3812-H3820 [24MR], H4049-H4051 [26MR], H5088 [4MY], H5988 [21MY], H6146 [3JN], H6676-H6678 [12JN], H8032 [14JY], H9256, H9257 [31JY], H11433 [15OC], H11464 [20OC]
———business practices that precipitated Government bailout, H3689 [19MR], H4066 [30MR], H4512 [2AP]
———merits of going into receivership rather than receiving Government bailout funds, H3627-H3629 [18MR]
———use of Government bailout funds to make payments to French banks, H3530 [18MR]
Antitrust Criminal Penalty Enhancement and Reform Act: delay sunset (H.R. 2675), H6328, H6330 [9JN]
AT&T Corp.: tribute to clean energy business model, E661 [12MR], E684 [17MR]
Aviation: require that the aircraft used as Air Force One is made in the U.S. by a domestically-owned company (H.R. 680), H506 [26JA]
Bush, President: evaluation of economic policies, H73 [8JA], H14492 [10DE]
Business and industry: clarify requirement relative to publicly traded companies establishing internal financial operations controls and obtaining an outside audit to validate soundness, H14723-H14726 [10DE]
———importance of accountability between employers and employees, H4231 [31MR]
———prohibit regulations requiring the recovery of incentive based executive compensation, H9225-H9227 [31JY]
———provide shareholders with a non-binding vote on executive compensation (H.R. 3351), E2022 [27JY]
———provide shareholders with an advisory vote on executive compensation and prevent perverse incentives in the compensation practices of financial institutions (H.R. 3269), H9213-H9233, H9240-H9244 [31JY], E2022 [27JY], E2220 [9SE]
———provide shareholders with an advisory vote on executive compensation and prevent perverse incentives in the compensation practices of financial institutions (H.R. 3269), consideration (H. Res. 697), H9211-H9213 [31JY]
———provide shareholders with an advisory vote on executive compensation and prevent perverse incentives in the compensation practices of financial institutions (H.R. 3269), motion to recommit, H9242 [31JY]
———require disclosure of persons or organizations funding activities to influence shareholders votes, H9242 [31JY]
Butterfield, Representative: conflict of interest due to Congressional Black Caucus membership while leading investigation into corporate sponsorship of Congressional Black Caucus trips to Caribbean, H7732 [7JY]
CFTC: clarify definitions of ``commercial risk'', ``operating risk'', and ``balance sheet risk'' relative to company eligibility for exception to clearing requirement, H14709 [10DE]
Citigroup Inc.: condemn practice of using Troubled Asset Relief Program funds to name Citi Field (baseball park) in Queens, NY, and provide offices to former company executives, H1609 [23FE]
Congress: prohibit passage of further massive spending initiatives for bailout purposes (H. Res. 199), H5491 [13MY]
Consumer Financial Protection Agency: limit power if unemployment rate remains at high level, H14491 [10DE]
———prohibit mandating disclosures be made in any language other than English, H14491 [10DE]
Dept. of Justice: prohibit U.S. Attorneys and assistant U.S. Attorneys from acting as or working for corporate monitors for specified periods after their Federal service (H.R. 4283), E2969 [11DE]
Dept. of Labor: prescribe regulations requiring employers with more than one establishment and not fewer than 500 employees to report work-related deaths, injuries, and illnesses (H.R. 2113), H4753 [27AP]
Dept. of the Treasury: clarify that compensation is money paid, property transferred, or services rendered whether payable before, during, or after employment relative to Troubled Asset Relief Program assistance recipients, H4306-H4309 [1AP]
———clarify use of Troubled Asset Relief Program assistance funds for business meetings, events, and incentive travel, H4289 [1AP]
———distribution of funds under the Troubled Asset Relief Program, H4000 [25MR]
———ensure companies will not be subject to compensation standards as a result of doing business with Troubled Asset Relief Program assistance recipients, H4304 [1AP]
———exempt from proposed compensation standards institutions that received Troubled Asset Relief Program assistance prior to enactment of such standards, H4300-H4302 [1AP]
———exempt Troubled Asset Relief Program assistance recipients from compensation standards once a repayment agreement has been reached, H4303, H4304 [1AP]
———halt purchase of luxury jet by Citigroup Inc., and require Troubled Asset Relief Program recipients to assist homeowners and small business and limit executive compensation and perks, H605, H606 [28JA]
———limit compensation to officers and directors of entities receiving Troubled Asset Relief Program funds, H881 [3FE], H928, H1014 [4FE], H1084 [10FE], H3753 [24MR]
———prohibit unreasonable and excessive compensation and compensation not based on performance standards for Troubled Asset Relief Program assistance recipients (H.R. 1664), H4231 [31MR], H4257, H4287-H4310 [1AP], H4511 [2AP], E742 [23MR]
———prohibit unreasonable and excessive compensation and compensation not based on performance standards for Troubled Asset Relief Program assistance recipients (H.R. 1664), consideration (H. Res. 306), H4262-H4268 [1AP]
———prohibit use of any leftover or repaid Troubled Asset Relief Program funds for any purpose other than deficit reduction, H13555 [8DE], E2972 [11DE]
———provide shareholders with an advisory vote on executive compensation for Troubled Asset Relief Program assistance recipients, H4305, H4306 [1AP]
———pursue every legal means to stay or recoup certain incentive bonus payments made by American International Group, Inc. (AIG) to employees and require approval of such payments (H.R. 1577), H3538-H3541 [18MR], H3645, H3652, H3677 [19MR], E735 [23MR]
———recoup bonus payments made by American International Group, Inc. (AIG) to employees and prevent Troubled Asset Relief Program assistance recipients from making excessive compensation (H. Con. Res. 76), H3665-H3673 [19MR]
———repeal effective date on limiting bonuses to executives of entities receiving Troubled Asset Relief Program funds (H.R. 1673), H4293 [1AP]
———require Troubled Asset Relief Program assistance recipients to repay excessive bonuses paid to employees and pay an excise tax on amounts not repaid, H3812 [24MR]
———transmit copies of documents on break-up of, negotiations on additional assistance, and payment of executive bonuses to American International Group, Inc. (AIG) (H. Res. 251), H3479 [17MR], H3540 [18MR], H3656, H3694-H3696 [19MR], H3819 [24MR], H5460-H5463, H5466 [12MY], H6147 [3JN], H6676 [12JN], H9256, H9257 [31JY]
Dept. of Veterans Affairs: modify and update provisions of law relative to nonprofit research and education corporations (H.R. 2770), H8819-H8822 [27JY], E1359 [9JN], E2033 [28JY], E2178 [31JY]
Economy: comparison of the economic recovery of the corporate and financial sectors with that of working class citizens, H11358, H11359 [14OC]
———limit compensation for executives at companies that receive Federal bailout funds, H155 [9JA]
———provide financial regulatory reform, protect consumers and investors, enhance Federal understanding of insurance issues, and regulate the over-the-counter derivatives markets (H.R. 4173), H13554, H13555, H13556 [8DE], H14377, H14379, H14418-H14442 [9DE], H14448, H14450, H14496, H14650-H14738, H14740 [10DE], H14747-H14804, H14808 [11DE], H14849, H14872, H14873 [14DE], H14884, H14887 [15DE], E2937, E2943 [10DE], E2966, E2969, E2970, E2971, E2972, E2973, E2974, E2975, E2976, E2977, E2979, E2980, E2982, E2983, E2984 [11DE], E2985, E2991, E2993, E2994 [14DE], E3004, E3008, E3013 [15DE], E3019, E3029, E3053 [17DE]
———provide financial regulatory reform, protect consumers and investors, enhance Federal understanding of insurance issues, and regulate the over-the-counter derivatives markets (H.R. 4173), consideration (H. Res. 956), H14408-H14417 [9DE]
———provide financial regulatory reform, protect consumers and investors, enhance Federal understanding of insurance issues, and regulate the over-the-counter derivatives markets (H.R. 4173), consideration (H. Res. 964), H14487-H14496 [10DE]
———provide financial regulatory reform, protect consumers and investors, enhance Federal understanding of insurance issues, and regulate the over-the-counter derivatives markets (H.R. 4173), motion to recommit, H14801-H14804 [11DE]
———provide financial regulatory reform, protect consumers and investors, enhance Federal understanding of insurance issues, and regulate the over-the-counter derivatives markets (H.R. 4173), unanimous-consent agreement, H14418 [9DE]
———provide financial regulatory reform, protect consumers and investors, enhance understanding of insurance issues, and regulate over-the-counter derivatives markets (H.R. 4173), consideration—same-day consideration (H. Res. 962), H14480-H14487 [10DE]
———reform the financial regulatory system of the U.S., H12267-H12272 [3NO]
———reform the financial regulatory system of the U.S. (H.R. 3310), E1965-E1967 [24JY]
———require companies receiving Federal bailout funds to disclose executive compensation, H334 [15JA]
Financial institutions: awarding of bonuses to executives after receiving Government bailout funds, H6665 [12JN]
———clarify definition of ``major swap participant'' in order to protect end users who do not pose a systemic risk, H14713, H14714 [10DE]
———exempt nondepository captive finance companies from standards set for depository insititutions, H14431 [9DE]
———grant CFTC and SEC authority to set a margin or collateral requirement for swaps and security-based swaps involving end users, H14715, H14716 [10DE]
———limit financial institutions and major swap participants to certain ownership percentage in derivatives clearing organizations, H14711, H14712 [10DE]
———require swap dealers and major participants to execute their standardized swaps on exchanges or swap execution platforms, H14493 [10DE]
Foreign trade: access of U.S. business to markets, H5691 [18MY], H9196 [30JY]
Goldman Sachs Group, Inc.: posting of quarterly profits, H11385 [15OC]
House Rules: allow consideration of motions to suspend rules and consider certain legislation (H. Res. 257), H3645-H3653 [19MR]
Phoenix Analysis & Design Technologies, Inc.: anniversary, E535 [3MR]
SEC: delegate regulation of investment advisers to the Financial Industry Regulatory Authority, H14747, H14748 [11DE]
———reinstate uptick rule on short sales of securities and suspend application of mark-to-market accounting principles (H.R. 1406), H3112 [10MR], E613 [10MR]
———reinstate uptick rule on short sales of securities (H.R. 302), H3068 [6MR]
———suspend application of mark-to-market accounting principles, H4512 [2AP]
Securities: constitutional amendment to prohibit the U.S. from owning stock in corporations (H.J. Res. 57), H7256 [25JN]
Taxation: allow individuals to defer tax on income reinvested in a partnership or S corporation (H.R. 2284), H5273 [6MY]
———expand incentives for construction and renovation of public schools, H613, H631 [28JA], H1530, H1557 [13FE]
———impose a higher rate of tax on bonuses paid by businesses receiving Troubled Asset Relief Program funds, H3530 [18MR]
———impose a higher rate of tax on bonuses paid by businesses receiving Troubled Asset Relief Program funds (H.R. 1543), H3447 [17MR]
———impose a higher rate of tax on bonuses paid by businesses receiving Troubled Asset Relief Program funds (H.R. 1586), H3625, H3626, H3627-H3631 [18MR], H3644-H3653, H3655-H3665, H3688, H3691 [19MR], H3712 [23MR], H3753, H3789, H3814 [24MR]
———impose a higher rate of tax on bonuses paid by businesses receiving Troubled Asset Relief Program funds (H.R. 1598), E701 [18MR]
———impose a 100 percent tax on bonuses paid by businesses that receive Troubled Asset Relief Program assistance and are majority owned by the Federal Government (H.R. 1542), H3448 [17MR]
———provide Federal contracting preferences for, and a reduction in income tax rates on, patriot corporations (H.R. 1874), E863 [2AP]
———provide individual and corporate income tax relief, reduce the employee share of payroll taxes, and rescind unobligated stimulus funds (H.R. 4100), H13447 [2DE]
———rates, H5069 [4MY]
———reform laws and filing procedures, H4233 [31MR]
———reform laws relative to individuals, estate and gift taxes, corporate rates, capital gains and dividends, retirement savings, lifetime savings, life skills, and certain medical care (H.R. 99), H179-H181 [13JA], H2830 [25FE], E4 [6JA], E25 [7JA]
———repeal tax deferral on income of controlled foreign corporations attributable to imported property, H6420 [10JN], H8499 [22JY]
———treatment of publicly traded partnerships directly or indirectly deriving income from providing investment adviser and related asset management services, H14399, H14401, H14403 [9DE]
Remarks in Senate
Aguilar, Luis A.: commend remarks relative to U.S. financial regulatory system reform, S11340 [10NO]
American International Group, Inc. (AIG): awarding of bonuses to executives after receiving Government bailout funds, S3097, S3099-S3103, S3109 [16MR], S3123, S3126, S3129, S3132-S3134, S3141, S3144-S3148, S3150 [17MR], S3324, S3327, S3329, S3353, S3356, S3359-S3361 [18MR], S3381, S3385, S3515, S3579-S3581 [19MR]
Antitrust Criminal Penalty Enhancement and Reform Act: delay sunset (S. 1219), S6382 [9JN]
———extend Dept. of Justice Antitrust Division leniency program (H.R. 2675), S6741 [17JN]
Business and industry: require a supermajority shareholder vote to approve excessive compensation of any employee of a publicly-traded company (S. 1006), S5290 [7MY]
———require recipients of economic stimulus funds to report any bonuses paid to employees, S1388 [3FE]
Buy American Act: increase requirement for American-made content and tighten waiver provisions (S. 2890), S13322 [16DE]
Crime: clarify that the proceeds of specified unlawful activity include the gross receipts and not just the profits of that unlawful activity, S4545 [22AP]
———require disclosure of beneficial owners of newly incorporated entities to prevent exploitation for criminal gain and assist law enforcement with terrorism and money laundering prevention (S. 569), S3026-S3031 [11MR]
Dept. of the Treasury: distribution of funds under the Troubled Asset Relief Program, S4710 [24AP], S13076 [12DE]
———establish Temporary Economic Recovery Adjustment Panel to recoup excessive deferred executive compensation from Troubled Asset Relief Program assistance recipients (S. 431), S3144 [17MR]
———limit compensation to officers and directors of entities receiving Troubled Asset Relief Program funds, S1118 [30JA], S1531 [4FE], S1652, S1660, S1661 [5FE], S10711 [26OC]
———limit compensation to officers and directors of entities receiving Troubled Asset Relief Program funds (S. 360), S1127 [30JA]
———limit Federal emergency economic assistance payments to certain recipients (S. 680), S3671 [24MR]
———prohibit recipients of Troubled Asset Relief Program assistance from using such funds for lobbying or political contributions, and improve corporate governance (S. 133), S114 [6JA], S803 [26JA]
———prohibit unreasonable and excessive compensation and compensation not based on performance standards for Troubled Asset Relief Program assistance recipients (H.R. 1664), S4599 [22AP], S4603 [23AP]
———prohibit use of any leftover or repaid Troubled Asset Relief Program funds for any purpose other than deficit reduction, S12649 [8DE]
———require Troubled Asset Relief Program assistance recipients to repay excessive bonuses paid to employees and pay an excise tax on amounts not repaid, S1478, S1479 [4FE], S1835, S1855 [6FE], S2193 [12FE]
Financial institutions: address the concept of ``Too Big To Fail'' through improved regulation and breaking up large banks in order to prevent future Government bailouts (S. 2746), S11241 [6NO], S11329 [10NO]
———awarding of bonuses to executives after receiving Government bailout funds, S3352 [18MR], S11251 [6NO]
FRS: require Board of Governors to publish information on financial assistance provided to various entities, S4047 [31MR], S4245, S4250 [2AP], S4870 [29AP], S10750 [27OC]
———require Board of Governors to publish information on financial assistance provided to various entities (S. 513), S9651 [22SE], S11032 [3NO]
Government: prohibit from holding ownership interests in private companies, S6875 [22JN]
———prohibit from holding ownership interests in private companies (S. 1242), S6533, S6549 [11JN], S7287 [9JY]
Schapiro, Mary L.: commend remarks relative to U.S. financial regulatory system reform, S11340 [10NO]
SEC: commend Enforcement Division for investigations into insider trading, S10559 [20OC]
———prohibit use of flash orders by high-frequency traders, S8184-S8186 [28JY]
———reinstate uptick rule and effectively regulate abusive short selling activities, S6985-S6987 [24JN], S8183-S8186 [28JY]
———reinstate uptick rule and effectively regulate abusive short selling activities (S. 605), S3120, S3121 [16MR], S3536-S3539 [19MR], S10559 [20OC]
Supreme Court: impact of decision in Citizens United v. FEC on corporate political contributions, S10622-S10630 [21OC]
Taxation: allow deduction for dividends received from controlled foreign corporations, S1408-S1420 [3FE]
———deny a deduction for excessive compensation of any employee of an employer (S. 1007), S5291 [7MY]
———impose a higher rate of tax on bonuses paid by businesses receiving Troubled Asset Relief Program funds (H.R. 1586), S3578 [19MR], S3583, S3586 [23MR], S3622 [24MR]
———impose a higher rate of tax on bonuses paid by businesses receiving Troubled Asset Relief Program funds (H.R. 1586), unanimous-consent request, S3536 [19MR]
———impose a higher rate of tax on bonuses paid by certain businesses owned by the Government, S3133, S3134 [17MR]
———impose an excise tax on bonuses paid to employees by businesses that receive Federal emergency economic assistance and limit amount of compensation that employees may defer from taxation (S. 651), S3563, S3578 [19MR], S3583, S3586 [23MR]
———prevent the avoidance of tax on income from assets held abroad (S. 1934), S10785 [27OC]
———provide relief to improve competitiveness of U.S. corporations and small businesses and eliminate incentives to move jobs and profits overseas, S3965, S3966 [30MR], S11096 [4NO]
———provide tax credit to employers headquartered in U.S., that pay fair wages, provide benefits, offset income for employees serving in Reserves, and respect the right to organize (S. 829), S4448 [20AP]
———provide that corporate tax benefits based upon stock option compensation expenses be consistent with accounting expenses shown in corporate financial statements for such compensation (S. 1491), S7880-S7884 [22JY]
———repeal tax deferral on income of controlled foreign corporations attributable to imported property, S1388, S1389 [3FE]
———repeal tax deferral on income of controlled foreign corporations attributable to imported property (S. 260), S616 [15JA]
———restrict use of abusive tax shelters and offshore tax havens to inappropriately avoid Federal taxation, S4868 [29AP], S11096 [4NO]
———restrict use of abusive tax shelters and offshore tax havens to inappropriately avoid Federal taxation (S. 506), S2624-S2638 [2MR]
Reports filed
Allow Consideration of Motions To Suspend House Rules and Consider Certain Legislation: Committee on Rules (House) (H. Res. 257) (H. Rept. 111-40), H3640 [18MR]
Consideration of H.R. 1664, Prohibit Certain Compensation for Troubled Asset Relief Program Assistance Recipients: Committee on Rules (House) (H. Res. 306) (H. Rept. 111-71), H4249 [31MR]
Consideration of H.R. 3269, Corporate and Financial Institution Compensation Fairness Act: Committee on Rules (House) (H. Res. 697) (H. Rept. 111-237), H9204 [30JY]
Consideration of H.R. 4173, Wall Street Reform and Consumer Protection Act: Committee on Rules (House) (H. Res. 956) (H. Rept. 111-365), H13627, H14370 [8DE]
———Committee on Rules (House) (H. Res. 964) (H. Rept. 111-370), H14742 [10DE]
Corporate and Financial Institution Compensation Fairness Act: Committee on Financial Services (House) (H.R. 3269) (H. Rept. 111-236), H9204 [30JY]
Prohibit Unreasonable and Excessive Compensation and Compensation Not Based on Performance Standards for Troubled Asset Relief Program Assistance Recipients: Committee on Financial Services (House) (H.R. 1664) (H. Rept. 111-64), H4128 [30MR]
Same-Day Consideration of Consideration of H.R. 4173, Wall Street Reform and Consumer Protection Act: Committee on Rules (House) (H. Res. 962) (H. Rept. 111-369), H14445 [9DE]
Transmittal of Documents on Break-Up of, Additional Assistance, and Payment of Executive Bonuses to American International Group, Inc. (AIG): Committee on Financial Services (House) (H. Res. 251) (H. Rept. 111-84), H4731 [23AP]
Veterans Nonprofit Research and Education Corporations Enhancement Act: Committee on Veterans' Affairs (House) (H.R. 2770) (H. Rept. 111-225), H8706 [23JY]
Rulings of the Chair
Dept. of the Treasury: prohibit unreasonable and excessive compensation and compensation not based on performance standards for Troubled Asset Relief Program assistance recipients (H.R. 1664), H4301 [1AP]
———prohibit unreasonable and excessive compensation and compensation not based on performance standards for Troubled Asset Relief Program assistance recipients (H.R. 1664), consideration (H. Res. 306), H4263 [1AP]
Statements
Corporate and Financial Institution Compensation Fairness Act: Leo Hindery, H9222 [31JY]
Studies
Macroeconomic Effects of Reducing the Effective Tax Rate on Repatriated Foreign Subsidiary Earnings in a Credit- and Liquidity-Constrained Environment: Allen Sinai (excerpt), S1410 [3FE]
Using What We Have To Stimulate the Economy—The Benefits of Temporary Tax Relief for U.S. Corporations To Repatriate Profits Earned by Foreign Subsidiaries: Robert J. Shapiro and Aparna Mathur (excerpt), S1410 [3FE]
Summaries
Ending Excessive Corporate Deductions for Stock Options Act (S. 1491), S7884 [22JY]
Incorporation Transparency and Law Enforcement Assistance Act (S. 569), S3030 [11MR]
Tables
Employment effects of repatriated funds, S1419 [3FE]
Texts of
H. Con. Res. 76, recoup bonus payments made by American International Group, Inc. (AIG) to employees and prevent Troubled Asset Relief Program assistance recipients from making excessive compensation, H3665 [19MR]
H. Res. 257, allow consideration of motions to suspend House rules and consider certain legislation, H3645 [19MR]
H. Res. 306, consideration of H.R. 1664, prohibit unreasonable and excessive compensation and compensation not based on performance standards for Troubled Asset Relief Program assistance recipients, H4262 [1AP]
H. Res. 697, consideration of H.R. 3269, Corporate and Financial Institution Compensation Fairness Act, H9211 [31JY]
H. Res. 956, consideration of H.R. 4173, Wall Street Reform and Consumer Protection Act, H14408 [9DE]
H. Res. 962, same-day consideration of consideration of H.R. 4173, Wall Street Reform and Consumer Protection Act, H14481 [10DE]
H. Res. 964, consideration of H.R. 4173, Wall Street Reform and Consumer Protection Act, H14487 [10DE]
H.R. 1586, impose a higher rate of tax on bonuses paid by businesses receiving Troubled Asset Relief Program funds, H3655 [19MR]
H.R. 1664, prohibit unreasonable and excessive compensation and compensation not based on performance standards for Troubled Asset Relief Program assistance recipients, H4294 [1AP]
H.R. 2675, Antitrust Criminal Penalty Enhancement and Reform Act of 2004 Extension Act, H6329 [9JN]
H.R. 2770, Veterans Nonprofit Research and Education Corporations Enhancement Act, H8820 [27JY]
H.R. 3269, Corporate and Financial Institution Compensation Fairness Act, H9213-H9215 [31JY]
H.R. 4173, Wall Street Reform and Consumer Protection Act, H14496-H14650 [10DE]
S. 569, Incorporation Transparency and Law Enforcement Assistance Act, S3029 [11MR]
S. 605, reinstate SEC uptick rule and effectively regulate abusive short selling activities, S3121 [16MR]
S. 829, Patriot Employers Act, S4448 [20AP]
S. 1006, Excessive Pay Shareholder Approval Act, S5291 [7MY]
S. 1007, Excessive Pay Capped Deduction Act, S5291 [7MY]
S. 1219, Antitrust Criminal Penalty Enhancement and Reform Act of 2004 Extension Act, S6382 [9JN]
S. 1491, Ending Excessive Corporate Deductions for Stock Options Act, S7884 [22JY]
S. 2916, limit IRS regulatory authority relative to limitation on losses following ownership change, S13462 [18DE]