H.R. 5258 · 116th Congress
No Bonuses During Blackouts Act of 2019
- Stage
- In committee
- Sponsor
- Josh Harder
- Introduced
- 2019-11-22
- Latest action
- 2019-11-22 · Introduced in House
Summary
No Bonuses During Blackouts Act of 2019
This bill imposes the alternative minimum tax on state regulated electric utilities that are in bankruptcy reorganization and that make incentive-based payments, other than salary, to any of their 13 highest compensated employees, or that own or lease infrastructure other than climate-resilient infrastructure (i.e., infrastructure capable of reducing the impact of major weather events and natural disasters).