While the current bill would limit executive compensation and stock buybacks as a condition for new loans, Democrats said those conditions come with too many loopholes. Sen. Mike Braun, R-Ind., said Monday he would be willing to accept more restrictions on corporations, and that he wasn't alone among Republicans.
“Whatever you want to do to hold the big companies accountable, with transparency, I’m a Main Street guy and I’m OK with that,” Braun said. He said he would support stronger protections against stock buybacks, more immediate disclosure of loan recipients, restrictions on employers’ ability to fire workers at a later time, and lengthier restrictions on executive compensation.
Principals negotiating a $2 trillion economic rescue package reported substantial progress late Monday, with a deal potentially on Tuesday morning.
www.rollcall.com
So, yeah.......