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Jake DeSantis

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House Moves on Bonus Limits for TARP Recipients HW+

Mar 27, 2009By

The House Committee on Financial Services announced Thursday it had passed H.R. 1664, the pay-for-performance bill that would prohibit certain compensation payments by firms that have received capital investments by the government through the Troubled Asset Relief Program. The bill would prohibit “unreasonable or excessive” compensation as well as “non-performance based bonuses.”

3d rendering of a row of luxury townhouses along a street

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