Congressional Digest

Congressional Digest October 2009 No. 8 Vol. 88
Honorable Scott Garrett

Executive Compensation

Regulating the Pay of Top Corporate Managers

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Honorable Scott Garrett

United States Representative, New Jersey, Republican

Representative Garrett, of the Fifth District of New Jersey, was first elected to the U.S. House of Representatives in 2002. He served in the New Jersey House of Representatives from 1990 to 2002. He sits on the Financial Services Committee, where he is the Ranking Member of the Subcommittee on Capital Markets, Insurance, and Government-Sponsored Enterprises, and on the Budget Committee. The following is from the July 31, 2009, House floor debate on H.R. 3269, the Corporate and Financial Institution Compensation Fairness Act. The American public truly should be outraged when they read the front page headlines nowadays with regard…

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