Executive Compensation Provisions In H.R. 1424 - Emergency Economic Stabilization Act Of 2008, And Tax Extenders And Alternative Minimum Tax Relief Act Of 2008

Mondaq Business BriefingUnited States Law Articles in English (2008)

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Executive Compensation Provisions In H.R. 1424 - Emergency Economic Stabilization Act Of 2008, And Tax Extenders And Alternative Minimum Tax Relief Act Of 2008

After a tumultuous week on Wall Street and in Washington, the

President signed on Friday, October 3 the $700 billion financial

bailout bill, H.R. 1424 ? P.L. 110-343. The House

approved the bill on October 3, five days after it had rejected a

similar bailout bill. The Senate had reworked the bill to include

tax-extenders and certain giveaways, and signed it on October 1.

H.R. 1424 contains significant executive compensation provisions in

Division A - the Emergency Economic Stabilization Act of 2008 (the

$700 billion financial bailout bill), and in Division C - the Tax

Extenders and Alternative Minimum Tax Relief Act of 2008. (Division

B - the Energy Improvement and Extension Act does not contain

executive compensation provisions.)

EMERGENCY EC...

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