Proposed
Bill · 119th Congress · HR 6590
No Bonuses for Utility Executives Act
Refreshed 32 min ago
Introduced 2025-12-10Topic: energy · infrastructure utilities · governance ethicsSummary
AI-generated summary, report an errorThis bill would limit bonuses paid to top executives of state-regulated electric utilities that are not wholly owned by United States persons. Starting January 1, 2025, such a utility could pay an executive bonus for a fiscal year only if its average customer rate increase did not exceed the yearly increase in the Consumer Price Index (CPI-U). Any allowed bonus could not exceed 25 percent of the median yearly pay of the utility's non-executive employees. Utilities would report rate and pay data to the Federal Energy Regulatory Commission, which would decide whether bonuses are allowed and set the maximum amount. Bonuses paid in violation would be forfeited to the United States, and the IRS would divide the forfeited amount equally among the utility's customers as payments.
Sponsors
- Josh Riley Democrat sponsor
- 3 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2025-12-11 | Sponsor introductory remarks on measure. (CR H5805) | ||
| 2025-12-10 | House | Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. | refer |
| 2025-12-10 | House | Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. | refer |
| 2025-12-10 | Introduced in House | introduce | |
| 2025-12-10 | Introduced in House | introduce |