To require institutions receiving large amounts of assistance under TARP to restrict compensation increases for officers, directors, and employees to the Federal civil service pay increase.
TARP Wage Accountability Act - Amends the Emergency Economic Stabilization Act of 2008 to prohibit financial institutions that have received more than $10 billion under the Troubled Asset Relief Program (TARP) from increasing the compensation of any of their officers, directors, or employees for a fiscal year by a percentage greater than the federal civil service pay increase for such fiscal year.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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