-- In an effort to put a halt to the $1,400 trash can and the $50 million jet, corporate bailout recipients must disclose by Monday policies limiting "luxury expenditures."

In June, the Treasury Department imposed a number of restrictions on automakers and financial institutions that received government loans under the $700 billion Troubled Asset Relief Program.

The requirement came after Congress said companies that received TARP funds, including Chrysler Group LLC, GMAC Inc., Chrysler Financial LLC and General Motors Co., must adopt and disclose a written policy addressing four categories of "excessive or luxury expenditures."

With the exception of GM because its assets were acquired by a new company in July and it has more time to comply, TARP recipients must post on their company Web sites the policies by Monday, Treasury spokeswoman Meg Reilly said.

The policy must cover entertainment or other events, office and facility renovations, aviation or other transportation services and other similar items, activities or events.

Automakers came under harsh criticism for flying in private jets to congressional hearings last year to seek emergency loans.

The policy is designed to avoid negative attention that followed after many banks that received taxpayer funds engaged in extravagant behavior.

Recipients of TARP funds came under withering criticism for ordering new planes or spending millions on lavish overhauls of offices and tickets to entertainment events.

A CNBC report that Merrill Lynch spent $250,000 renovating its CEO's office -- spending $35,000 on a commode and $1,405 on a parchment waste can -- drew outrage even though the project was completed before Merrill got a $10 billion bailout.

In January, Citigroup Inc. abruptly reversed course and agreed not to take delivery of a $50 million French-made corporate jet. The bank, which has received $45 billion in government loans, came under criticism for saying it would still take delivery of a Dassault Falcon 7X that was ordered in 2005.

Sen. Carl Levin, D-Detroit, had sharply criticized the plans to buy the plane, calling it "arrogance."

"The notion of Citigroup spending $50 million on a new corporate jet, even as it is depending on billions of taxpayer dollars to survive, does not fly," Levin said. "To permit Citigroup to purchase a plush plane -- foreign-built no less -- while domestic auto companies are being required to sell off their jets is a ridiculous double standard."

GMAC spokeswoman Gina Proia said the Detroit financial services company would disclose its policy by Monday.

GMAC has received nearly $13.5 billion in government support, including $12.5 billion in direct loans.

Chrysler, which has received about $15 billion in taxpayer loans, "has complied with the expense policy requirements outlined by U.S. Treasury," said spokesman Max Gates.

Chrysler said its plan was approved by its CEO on July 9 and posted on an internal Web site the following day. It has also been turned over to the Treasury Department and will be made public on Monday.

The policies must be approved by the company board of directors and provide for a review process of lavish spending and must include prompt disclosure of violations of the policy.

GM has until 90 days after its emergence from bankruptcy, or Oct. 8, to do so.

GM has already instituted a rigorous policy on limiting luxury expenses. Its chief financial officer Ray Young told senior executives in a Jan. 16 e-mail that the company is required to "maintain and implement an expense policy."

That policy, which is part of GM's original $13.4 billion loan agreement, included "hosting, sponsorship or other payment for conferences and events; expenses related to entertainment or holiday parties; travel accommodations and expenditures."

GM's policy also covers "consulting arrangements with outside service providers, new leases or acquisition of real estate, (and) expenses related to office or facility renovations or relocations."

But GM hasn't disclosed that policy publicly.

"While adherence to policy is essential, we should also be guided by the spirit of the agreement and the potential public perception of our actions," Young said in the January e-mail. "As long as General Motors is using public funds to support our restructuring plan to become a vigorous long-term participant in the American and global economy, we must remember the importance of showing that we are using the taxpayers' money responsibly and prudently."

The Treasury Department's special master, Kenneth Feinberg, also is reviewing the compensation of the highest paid executives at the TARP recipient companies.

Feinberg will rule on the pay packages by the end of next month.