Expresses the sense of Congress that the President is appropriately exercising authorities under the Emergency Economic Stabilization Act of 2008 and other federal laws by taking all necessary actions to ensure that: (1) American International Group, Inc. (AIG) will repay taxpayers for retention bonuses paid to its executives and employees; (2) companies that receive a capital infusion under the Emergency Economic Stabilization Act of 2008 are prohibited from paying unreasonable and excessive bonuses to their executives and employees; and (3) such companies comply with provisions of the American Recovery and Reinvestment Act restricting executive compensation.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Mr. Frank (MA) moved to suspend the rules and agree to the resolution.
Considered under suspension of the rules. (consideration: CR H3665-3673; text of measure as introduced: CR H3665)
DEBATE - The House proceeded with forty minutes of debate on H. Con. Res. 76.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Considered as unfinished business. (consideration: CR H3674)
Failed of passage/not agreed to in House: On motion to suspend the rules and agree to the resolution Failed by the Yeas and Nays: (2/3 required): 255 - 160 (Roll no. 144).
Roll Call #144 (House)On motion to suspend the rules and agree to the resolution Failed by the Yeas and Nays: (2/3 required): 255 - 160 (Roll no. 144).
Roll Call #144 (House)checking server…
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