U.S. Treasury Department regulations issued this spring require boards of directors of companies receiving bailout funds from the Troubled Asset Relief Program to establish companywide policies for luxury expenditures related to meetings, events, and travel.
An industry coalition, led by the U.S. Travel Association, has created several documents that make the new Treasury regulations easier to understand and to follow, including:
- the coalition’s Model Meeting Policy, which was revised and re-released on July 15,
- meeting-related excerpts of the Treasury Department Policy for companies receiving TARP money,
- and a document that cross references Treasury’s TARP policies with the Model Meeting Policy.