Identify the bill that was passed in April 2009 to amend the executive compensation provisions of the Emergency Economic Stabilization Act of 2008 to prohibit unreasonable and excessive compensation and compensation not based on performance standards.
A)Gramm-Rudman-Hollings Performance and Results Act
B)Employee Pay Comparability Act
C)Grayson-Himes Pay for Performance Act
D)Statutory Pay-As-You-Go Act

Question

Quizplus · Accepted Answer

The Grayson-Himes Pay for Performance Act was passed in April 2009, "to amend the executive compensation provisions of the Emergency Economic Stabilization Act of 2008 to prohibit unreasonable and excessive compensation and compensation not based on performance standards." This bill would ban future "unreasonable and excessive" compensation at companies receiving federal bailout money.

Identify the Bill That Was Passed in April 2009 to Amend