US SB2844 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on November 13 2019 - 25% progression, died in committee
Action: 2019-11-13 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on November 13 2019 - 25% progression, died in committee
Action: 2019-11-13 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Accountability for Utility Executives Act
Sponsors
| Sen. Kamala Harris [D-CA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-11-13 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
Bankruptcy
Corporate finance and management
Electric power generation and transmission
Finance and financial sector
Public utilities and utility rates
Wages and earnings
Water use and supply
Corporate finance and management
Electric power generation and transmission
Finance and financial sector
Public utilities and utility rates
Wages and earnings
Water use and supply
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/2844/all-info |
| Text | https://www.congress.gov/116/bills/s2844/BILLS-116s2844is.pdf |
