|
The online versions of legislation provided on this website are not official. Enrolled bills are the final version passed by the Ohio General Assembly and presented to the Governor for signature. The official version of acts signed by the Governor are available from the Secretary of State's Office in the Continental Plaza, 180 East Broad St., Columbus.
|
H. R. No. 32 As Introduced
A RESOLUTION
Representatives Hagan,
Goyal, Gerberry, Murray, Pillich, Williams, B., Yuko, Heard, Phillips, Book, Foley, Evans, Moran, Fende, Driehaus, Harwood, Mecklenborg, Domenick, Koziura, Chandler, Ujvagi, Newcomb, Skindell, Oelslager
To condemn the payment of $165 million in executive
bonuses by the American International Group and
demand that AIG return the $165 million to the
federal government.
BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES OF THE STATE OF OHIO:
| WHEREAS, The United States is experiencing the worst
recession since the Great Depression. During this time the federal
government is doing all that it can to provide for the needs of
the American people; and |
| WHEREAS, One of the key tools in the federal government's
economic recovery efforts is the loaning of money to large
corporations in the financial services industry for the purposes
of providing extra liquidity to those corporations, thereby
enabling them to extend credit to other corporations and
individuals. A major benefactor of these loans has been the
American International Group (AIG), which has received $170
billion to date; and |
| WHEREAS, In March 2009, AIG reported that it had lost $61.7
billion for the fourth quarter of the previous year, the largest
corporate loss in history. Even though the corporation experienced
such a huge loss, it still decided to provide $165 million in
executive bonuses; and |
| WHEREAS, At a time when American families are struggling to
make ends meet and our towns and cities are hurting to provide the
services that Americans need and expect, it is despicable to see
AIG act with such a callous disregard of our country's economic
situation by giving away such enormous amounts of money to its
executives; now therefore be it |
| RESOLVED, That we, the members of the House of
Representatives of the 128th General Assembly of the State of
Ohio, condemn the payment of $165 million in executive bonuses by
the American International Group (AIG) and demand that AIG return
the $165 million to the federal government; and be it further |
| RESOLVED, That the Clerk of the House of Representatives
transmit duly authenticated copies of this resolution to the
President of the United States, to the Speaker and Clerk of the
United States House of Representatives, to the President Pro
Tempore and Secretary of the United States Senate, to the members
of the Ohio Congressional delegation, to the Chairman of the Board
of Directors of the American International Group, and to the news
media of Ohio. |
|
|
