Pub. L. 102-550, tit. XIII, subtit. A, pt. 1, sec. 1318

PROHIBITION OF EXCESSIVE COMPENSATION.

EnactedYear: 1992Length: 80 wordsOfficial source
SEC. 1318. PROHIBITION OF EXCESSIVE COMPENSATION. (a) In General.—The Director shall prohibit the enterprises from providing compensation to any executive officer of the enterprise that is not reasonable and comparable with compensation for employment in other similar businesses (including other publicly held financial institutions or major financial services companies) involving similar duties and responsibilities. 106 STAT. 3950 (b) Prohibition of Setting Compensation.—in carrying out subsection (a), the Director may not prescribe or set a specific level or range of compensation.
Pub. L. 102-550, tit. XIII, subtit. A, pt. 1, sec. 1318: PROHIBITION OF EXCESSIVE COMPENSATION. | Justis AI