HR 192
Amtrak Executive Bonus Disclosure Act
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Bill overview
This bill requires Amtrak to publicly disclose the annual base pay and any bonus compensation paid to its executive leadership team. The information must be included in Amtrak’s annual report to Congress and made available on Amtrak’s website. The report will also need to detail the criteria and metrics used to determine executive bonuses. This aims to increase transparency regarding executive compensation at the national rail service.
Key provisions
- Amtrak must include annual base pay and bonus compensation for executive leadership in its annual report.
- The report must specify the criteria and metrics used to determine bonus compensation.
- The annual report must be made publicly available on Amtrak’s website.
- The bill covers the chief executive officer, president, and other officers of Amtrak.
Who is affected
- Amtrak
- Members of Congress
- Taxpayers
- The public
Notable changes
- Currently, Amtrak’s annual reports do not include detailed information on executive bonus compensation.
- This bill mandates the disclosure of both base pay and bonus amounts.
Fiscal impact
The bill may have a minimal fiscal impact due to the administrative costs associated with compiling and publishing the additional information.
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Primary sponsor
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119th CONGRESS — 1st Session
H. R. 192
IN THE HOUSE OF REPRESENTATIVES
A BILL
To amend title 49, United States Code, to require Amtrak to include information on base pay and bonus compensation of certain Amtrak executives, and for other purposes.
This Act may be cited as the Amtrak Executive Bonus Disclosure Act
.
Section 24315(a) of title 49, United States Code, is amended—
by inserting , and make available to the public on the website of Amtrak,
after submit to Congress
; and
by striking paragraph (2) and inserting the following: