Economic Recovery Task Force

Recent Posts from Economic Recovery Task Force

• Highlights of Treasury’s Guidance on Executive Compensation Standards for TARP Recipients

  On June 10, 2009, the U.S. Department of the Treasury (”Treasury”), issued long awaited guidance in the form of an interim rule (”Interim Rule”) implementing Section 111 of the Emergency Economic Stabilization Act of 2008…

• Recent Reports to Congress on Broadband Investment Provide Details on Federal Stimulus Funding Opportunities

  On May 18, 2009, the two federal agencies that will distribute $7.2 billion to support broadband projects under the American Recovery and Reinvestment Act (ARRA) reported to Congress on their progress in implementing the new…

• Federal Stimulus Funding Fuels Further DOE Loan Guarantee Program Opportunities

  The American Reinvestment and Recovery Act (ARRA) appropriated $6 billion to the U.S. Department of Energy’s (DOE) Title XVII Loan Guarantee Program to support loan guarantees of up to $60 billion for renewable energy and…

• Geithner Proposes Capital and Risk Management Requirements on ‘Too Big to Fail’ Private Investment Funds

  On March 26, 2009, Secretary of the Treasury Timothy Geithner appeared in front of the Committee on Financial Services of the U.S. House of Representatives to introduce his proposal for comprehensive financial regulatory reform. In his…

• Stimulus Funds Safeguards and Public Entity Whistleblowers

  The economic stimulus bill passed by Congress on February 12, 2009 includes whistleblower protections for employees of private contractors and state and local governments who disclose fraud or mismanagement regarding the use of stimulus funds. …

• President Obama Signs Stimulus Plan with COBRA Expansion

  On February 17, 2009, President Obama signed the American Recovery and Reinvestment Act. While the Act’s goals are primarily to create jobs and restore economic growth, it also contains a number of important COBRA revisions that…

• Stimulus Package Imposes Stringent Limits on Executive Compensation for TARP Participants

  On February 17, 2009, President Obama signed into law the American Recovery and Reinvestment Act of 2009 (the “Act”), Title VII of which imposes new and more stringent limits on executive compensation for participants in…

• Billions of Dollars for Broadband Development in the Economic Stimulus Package

  The economic stimulus bill to be signed by President Obama today will provide $7.2 billion for broadband deployment. Because the purpose of the law is to provide early stimulus to the economy, grants will be…

• Treasury Secretary Unveils New Plan

  On Tuesday, February 10, 2009, U.S. Treasury Secretary, Timothy Geithner, unveiled a new plan (”Plan”) designed to address the U.S. credit crisis and restore stability to the nation’s financial system. While many details are still to…

• Bailout 2.0—The Coming Changes

  As the 111th Congress begins its work, one of the first items to receive attention will be the Troubled Assets Relief Program, better known as TARP.  This Monday, at the request of President-elect Obama, President…