Summary: S.2844 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.2844. Bill summaries are authored by CRS.

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Introduced in Senate (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.