Proposal:Accountability for Utility Executives Act

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.

Bill	S 2844
Type of Legislation	Senate Bill
Congress	116
Source	View original on Congress.gov

Geographic Scope

National

Description

Accountability for Utility Executives Act

This bill prohibits a publicly traded utility company undergoing bankruptcy proceedings from paying bonuses or any golden parachute compensation to company executives. The bill defines golden parachute compensation as compensation based on or related to the acquisition, merger, consolidation, sale, or other disposition of the assets of the company.

Bill Title

Accountability for Utility Executives Act

Linked Goals

• Goal:Promote General Welfare

Steps

• 2019-11-13: Read twice and referred to the Committee on Finance.
• 2019-11-13: Introduced in Senate

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.