March 24, 2009 / 7:20 PM / 8 years ago

Senate's Reid says AIG bonus bill still possible

WASHINGTON, March 24 (Reuters) - The U.S. Senate could still take legislative action to recoup executive bonuses at firms that got government bailouts, even though some American International Group (AIG.N) executives have given their bonuses back, Senate Majority Leader Harry Reid said on Tuesday.

"The issue is not over and that's an understatement," Reid, a Nevada Democrat, told reporters. AIG should continue to renegotiate or return the bonuses that have caused taxpayer outrage, he said, but "we're going to keep an eye on this" and look for "a window to do something."

The House of Representatives last week passed legislation to impose a 90 percent tax on bonuses for certain executives at U.S. companies that got government bailouts. Similar legislation has stalled in the Senate after President Barack Obama expressed skepticism, Republican leaders asked for more time and some bonuses were paid back at AIG. (Editing by Leslie Adler)

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