Legis Daily

Accountability for Utility Executives Act

USA116th CongressS-2844| Senate 
| Updated: 11/13/2019
Kamala D. Harris

Kamala D. Harris

Democratic Senator

California

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Nov 13, 2019
Introduced in Senate
Nov 13, 2019
Read twice and referred to the Committee on Finance.
  • November 13, 2019
    Introduced in Senate


  • November 13, 2019
    Read twice and referred to the Committee on Finance.

Finance and Financial Sector

BankruptcyCorporate finance and managementElectric power generation and transmissionPublic utilities and utility ratesWages and earningsWater use and supply

Accountability for Utility Executives Act

USA116th CongressS-2844| Senate 
| Updated: 11/13/2019
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Nov 13, 2019
Introduced in Senate
Nov 13, 2019
Read twice and referred to the Committee on Finance.
  • November 13, 2019
    Introduced in Senate


  • November 13, 2019
    Read twice and referred to the Committee on Finance.
Kamala D. Harris

Kamala D. Harris

Democratic Senator

California

Finance Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
BankruptcyCorporate finance and managementElectric power generation and transmissionPublic utilities and utility ratesWages and earningsWater use and supply