Bill116th CongressFiled Nov 13, 2019Finance and Financial Sector
S. 2844
Accountability for Utility Executives Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Nov 13, 2019)
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.
What just happenedNov 13, 2019
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Harris, Kamala D. [D-CA](D-CA)Sponsor
1committees2actions6subjects
- Introduced in SenateNov 13, 2019
- Nov 13, 2019IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Nov 13, 2019IntroReferral10000
Introduced in Senate