WASHINGTON — Marking an important victory for the White House, a congressional committee approved on Tuesday legislation closely resembling the Obama administration’s proposal that attempts to impose new restraints on executive pay. The approval by the House Financial Services Committee, on a straight party line vote of 40 to 28, clears the way for the measure to be considered by the full House later this week, where it is likely to be adopted. The bill does not set pay limits.
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House Panel Approves New Rules on Executive Pay
