Congressional Digest

Congressional Digest October 2009 No. 8 Vol. 88
Honorable Spencer Bachus

Executive Compensation

Regulating the Pay of Top Corporate Managers

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Honorable Spencer Bachus

United States Representative, Alabama, Republican

Representative Bachus, of the Sixth District of Alabama, was first elected to the U.S. House of Representatives in 1992. He served in the Alabama Senate from 1983 to 1984 and in the Alabama House of Representatives from 1984 to 1987. He is the Ranking Member of the Financial Services Committee. The following is from the July 31, 2009, House floor debate on H.R. 3269, the Corporate and Financial Institution Compensation Fairness Act.I rise in opposition to this legislation. The American people are rightly disturbed by almost daily reports of so-called "too big to fail" corporations that have received billions of…

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