H.R.979 - Stop Taxpayer-Offensive Practices Act of 2009111th Congress (2009-2010)
|Sponsor:||Rep. Hare, Phil [D-IL-17] (Introduced 02/11/2009)|
|Committees:||House - Financial Services|
|Latest Action:||02/11/2009 Referred to the House Committee on Financial Services.|
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- Finance and Financial Sector
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Summary: H.R.979 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in House (02/11/2009)
Stop Taxpayer-Offensive Practices Act of 2009 or the STOP Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to instruct the Secretary of the Treasury to establish policies which prohibit excessive or luxury expenditures by any recipient of assistance under such Act in connection with: (1) entertainment or events; (2) office and facility renovations; (3) aviation or other transportation service; and (4) any other activity or event that is not a reasonable expenditure for any conference, staff development, performance incentive.
Requires the board of directors of each recipient to establish company-wide policies for limiting excessive or luxury expenditures that are not inconsistent with the policies established by the Secretary.
States that any policy established by the Secretary or any board of directors that is applicable to any recipient of EESA assistance remains effective while the assistance remains outstanding.