S. 2844 · 116th Congress
Accountability for Utility Executives Act
- Stage
- In committee
- Sponsor
- Kamala Harris
- Introduced
- 2019-11-13
- Latest action
- 2019-11-13 · Introduced in Senate
Summary
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.