© 2009, Ice Miller LLP
Impact	Change	Guidelines Under Stimulus Package	Contact
Employment			Michael Tooley - michael.tooley@icemiller.com
Whistleblower Protection	Non-federal employees	Protects non-federal employees of employers receiving funding under the stimulus bill.
Prevailing Wage Rate Guidelines	Davis-Bacon Act's prevailing wage rate guidelines	This provision requires that certain recipients of funds under the stimulus bill observe these guidelines.
Restrictions on Executive Pay	Companies receiving TARP funds	Requires that compensation of top executives of public companies be restricted if they received TARP funds.
H-1B Workers	Companies receiving TARP funds	Places additional obligations on TARP recipients hiring H-1B workers.
Immigration Violations	Small business loans	Prohibits the Small Business Administration from making certain guaranteed loans available to small businesses with a record of immigration violations.
Pre-Tax Transit Exclusion	Increases allowable amounts	Employees can exclude from their income up to $230 per month for parking and up to $120 per month for transit.
Work Opportunity Tax Credit	Tax credit for hiring certain classes of workers	Expands the credit available to employers for hiring unemployed veterans discharged within 5 years of their hire and unemployed youths between 16 and 24 years of age not in school and lacking a sufficient number of basic skills.  The credit can be applied in 2009 and 2010.
COBRA Premium Subsidies	65% premium subsidy	Employees who are involuntarily terminated from employment between September 1, 2008 and December 31, 2009, will be eligible.  Employers and insurers would initially pay the subsidy and receive a credit against their federal payroll taxes.