Identify the bill that was passed in April 2009 to amend the executive compensation provisions of the Emergency Economic Stabili
zation Act of 2008 to prohibit unreasonable and excessive compensation and compensation not based on performance standards.a. Gramm–Rudman–Hollings Performance and Results Actb. Employee Pay Comparability Act c. Grayson-Himes Pay for Performance Actd. Statutory Pay-As-You-Go Act
The correct option is C: Grayson-Himes Pay for Performance Act
Explanation:
The bill was passed in 2009 was aimed at prohibiting some compensation to employees at some organization that were under the Troubled Asset Relief Program. This was done to help these financial institutions. It was an amendment to the executive compensation provisions of the Emergency Economic Stabilization Act of 2008.
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