HI SCR86

Urges Congress to enact legislation restricting executive salaries at financial institutions that received federal bailout funds under the Troubled Asset Relief Program or Capital Purchase Program to appropriate levels

Notes that over $204 billion in taxpayer money was distributed to 690 financial institutions under the Capital Purchase Program

States that the American Recovery and Reinvestment Act of 2009 and Emergency Economic Stabilization Act of 2008 provided inadequate limitations on executive compensation at bailed-out financial institutions

Identifies that the Department of Treasury adopted compensation oversight rules for recipients of exceptional financial assistance, but these rules apply only to a few institutions

Recommends extending Treasury compensation standards to all financial institutions that received at least $100 million under the Troubled Asset Relief Program or Capital Purchase Program