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OH HR32

Resolution

Official Source

Status

Passed

11/4/2010

Primary Sponsor

Todd Book

Click for details

Origin

House of Representatives

128th General Assembly (2009-2010)

AI Summary

  • Condemns American International Group (AIG) for paying $165 million in executive bonuses despite reporting a $61.7 billion loss in the fourth quarter of 2009, the largest corporate loss in history.

  • States that AIG has received $170 billion in federal loans during the recession to provide liquidity to the financial services industry.

  • Demands that AIG return the $165 million in executive bonuses to the federal government.

  • Directs the House Clerk to transmit authenticated copies of the resolution to the President, Congress, Ohio's Congressional delegation, AIG's Board Chairman, and Ohio news media.

Legislative Description

To condemn the payment of $165 million in executive bonuses by the American International Group and demand that AIG return the $165 million to the federal government.

Last Action

Adopted

11/4/2010

Full Bill Text

No bill text available