COVID Stimulus Watch Individual Entry

Recipient Company:
Principal Life Global Funding II
Loan or Loan Guarantee Amount:
$1,024,448

Recipient Details

Ownership Structure: publicly traded (ticker symbol PFG)

Award Details

Award Date: Sep 8, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...

Parent Company Data

Parent Company: Principal Financial
Headquartered in: Iowa
Parent Sector: financial services
Parent Industry: insurance

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $3,000,000
Contracting icon
Good Jobs First has no data in this category
Environment icon
Good Jobs First has no data in this category
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $10,301,459
CEOpay icon
Good Jobs First has no data in this category
Tax icon
Total Federal, State, and Local Subsidies: $22,543,216
Federal Corporate Income Tax Rate: -3.3%
Subsidy Tracker
Violation Tracker

Details on Accountability data sources

Accountability Issues

Covid Stimulus Watch provides accountability data on CARES Act recipients in the following categories:

Employment iconEmployment Issues

Tax iconTax / Subsidy Issues

Contracting iconContracting Issues

Environment iconEnvironment / Safety Issues

Consumer iconConsumer Protection Issues

CEO pay iconCEO Pay Issues