Tuesday, September 23, 2008

Baggage Fees for Service Members, Raising Federally Insured Max Deposit & Company Officers Repaying Bonuses: September 22, 2008

On the House side, here are three interesting bills.

This first one makes a lot of sense to me, requiring airlines to waive certain baggage fees to service members travelling under orders:

By Mr. BACA (D-CA):
H.R. 6985. A bill to amend title 49, United States Code, to require air carriers to waive certain baggage fees for members of the uniformed services traveling under orders; to the Committee on Transportation and Infrastructure. Source: GPO [H8577]

This next bill would raise the max Federal deposit insurance coverage from $100,000 to $200,000. I presume in an effort to gain more confidence in banks and increase push for savings.

By Mr. COHEN (D-TN):
H.R. 6986. A bill to amend section 1821(a)(1) of title 12, United States Code, to raise the maximum Federal deposit insurance coverage to $200,000; to the Committee on Financial Services. Source: GPO [H8577]

The final bill will be cheered by many across America, except those officers who have to repay their bonuses:

By Mr. FEENEY (R-FL) (Mr. ROSKAM (R-IL), and Mr. GARRETT (R-NJ)):
H.R. 6987. A bill to amend the Sarbanes-Oxley Act of 2002 to require officers to repay bonus amounts received during a year in which their company is subject to a taxpayer bailout, as well as the two previous years; to the Committee on Financial Services. Source: GPO [H8577]

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