Taxpayer Accountability for Airlines Relief Act

Taxpayer Accountability for Airlines Relief Act

This bill requires air carriers receiving federal loans under the Coronavirus Aid, Relief, and Economic Security Act due to COVID-19 (i.e., coronavirus disease 2019) to limit compensation of certain executives until the air carrier repays such loans.

Specifically, the bill prohibits such air carriers from paying its executives who earned a compensation of more than $425,00 in 2019 a salary that is greater than their 2019 salary.