Breaking News: Corporate & Financial Institution Compensation Fairness Act Passes House

H.R. 3269 “Say on Pay” passed today with a vote of 237 to 185.  Two Republicans voted for it, and 16 Democrats voted against.

Washington D.C. –  In the wake of the New York Attorney General report that top banks that got billions in taxpayer bailout money doled out bonuses that exceeded their net profits or while losing money as well as the news of Citigroup paying $100 million to Citi trader Andrew Hall while taking bailout funds, Americans for Financial Reform applauded the House of Representatives for passing the “say on pay” legislation today.Final Vote Results for Roll Call click here

Click here to download Press Release Say on Pay Press Release

To read the coalition’s joint letter of support with ShareOwners.Org and Social Investment Forum – click here: Letter in support of HR 3260 July30FINAL