United States · Bill · S
S. 1006 (111th)
Excessive Pay Shareholder Approval Act
Introduced
7 May 2009
Last action
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Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S5291)
Sponsors
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Subjects
Discovery layer
Source updated
14 August 2025
Summary
Excessive Pay Shareholder Approval Act - Amends the Securities Exchange Act of 1934 to prohibit the compensation for an employee of an issuer of securities in any single taxable year from exceeding 100 times the average compensation for services performed by all the issuer's employees during such taxable year. Allows higher compensation only if at least 60% of the shareholders have voted to approve it (through a proxy or consent or authorization for an annual or other meeting of the shareholders, occurring within the preceding 18 months).
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Votes
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 7 May 2009
Introduced in Senate (PDF)
Introduced in Senate · EN · 7 May 2009
Introduced in Senate
summary · EN · 7 May 2009
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/111th-congress/senate-bill/1006
- Open data entity: https://api.congress.gov/v3/bill/111/s/1006