Senate Bill 2844
116th Congress(2019-2020)
Accountability for Utility Executives Act
Introduced
Introduced in Senate on Nov 13, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2844
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Kamala Harris
grade
California
No Senate votes have been held for this bill.
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.
November 13, 2019
11/13/2019
Read twice and referred to the Committee on Finance.
11/13/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 5:17:28 AM