Accountability for Utility Executives Act

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 13 November 2019

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 13 November 2019

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 13 November 2019 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 13 November 2019

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 13 November 2019

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 13 November 2019

  Open at official source

Sponsors

• Sen. Harris, Kamala D. [D-CA] · D · Sponsor
• · ssfi00 · Standing

Related records

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