The Emergency Economic Stabilization Act (ESSA) of 2008 did not have the authority to limit executive compensation and the "golden parachutes" of CEOs of institutions who were granted TARP bailout funds.

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On the contrary, ESSA had the authority to step in to limit the compensation received by the institutions that were granted the "bail-out" funds in TARP. The limits were designed to discourage any inducement program that would reward higher-ranking officers who permitted their institution to acquire unreasonably risky investments. Further, high-ranking officers were also not permitted to receive golden parachute deals.

The Emergency Economic Stabilization Act (ESSA) of 2008 Did Not