Tarp Salary Cap Bill Offered in Senate

Jones, Dow
February 2009
American Banker;2/2/2009, Vol. 174 Issue 21, p12
Trade Publication
The article reports that U.S. Senator Claire McCaskill of Missouri has introduced legislation that would impose salary caps on executives at financial services firms receiving funds from the Troubled Asset Relief Program (TARP), the bailout program for the industry operated by the Treasury Department. The bill would cap executive salaries at $400,000 a year, the salary of President Barack Obama.


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