S 2844 · 116th Congress · Finance and Financial Sector

Accountability for Utility Executives Act

Introduced 2019-11-13· Sponsored by Sen. Harris, Kamala D. [D-CA]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2019-11-13)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only