Financial Services Alert

    View Author February 2009
    On February 17, 2009, President Obama signed into law the American Recovery and Reinvestment Act of 2009 (the Act). The Act imposes significant executive compensation restrictions and corporate governance obligations on institutions participating in the Troubled Asset Relief Program (the TARP). Given that these new restrictions and obligations appear to be retroactive, they will have important ramifications for institutions that have participated, or intend to participate, in current or future programs under the TARP, including the Capital Purchase Program.

    Read our Financial Services Alert on this topic.