HR 5258
No Bonuses During Blackouts Act of 2019
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The No Bonuses During Blackouts Act of 2019 aims to prevent certain financially struggling electric utilities from paying bonuses to their top executives or investing in non-climate-resilient infrastructure. Specifically, it targets state-regulated electric utilities that are in bankruptcy and making incentive-based payments to high-compensated employees, or that haven't invested in infrastructure designed to withstand major weather events. The bill modifies the Internal Revenue Code to impose an alternative minimum tax on these utilities, ensuring that taxpayer dollars are used more responsibly during times of financial difficulty.
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