It appears they are going to try to do some limits retroactively on executive pay for TARP recipients. Wall Street Journal:
The bill would go a step further than executive compensation limits approved in the $787 billion economic-stimulus package by allowing compensation packages approved before enactment of the stimulus to be curtailed. Compensation limits in the bill would last until firms repay rescue funds received from the federal government.
It's unclear if the Senate will pass it and if the bill is as advertised, of course they should.
Of course this bill gives power to the Treasury Secretary. Anyone see a pattern?
Probably more importantly why are some of the executives who got the United States into this mess still in their positions?