The Stimulus Bill Imposes Further Executive Compensation Restrictions

The American Recovery and Reinvestment Act of 2009 (the stimulus bill) that President Obama signed into law on February 17 contains the latest attempt to limit compensation paid, and other benefits provided, to executives of those entities receiving governmental assistance under the Troubled Asset Relief Program (TARP). This LawFlash summarizes the restrictions and requirements imposed upon those entities under the stimulus bill, as well as the prior relevant guidance.

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