Josh Riley (D-NY)

No Bonuses for Utility Executives Act

H.R. 6590 · House bill Energy

A Democratic bill with 2 Republican cosponsors · See all 3 cosponsors

Last activity — Sponsor introductory remarks on measure. (CR H5805)

Introduced, nothing more yet

Formally proposed, and not yet handed to a committee.

Nearly every bill is sent to a committee within days. Introduction alone is not a sign of support, of momentum, or of any likelihood of passing — any member may introduce any bill.

Its path through Congress

  1. Introduced

What this bill would do

The "No Bonuses for Utility Executives Act" aims to limit bonuses for executives at certain electric utilities. Under this bill, a utility can only pay these bonuses if the average increase in customer rates does not exceed the Consumer Price Index increase for that fiscal year. Additionally, any bonus is capped at 25 percent of the median annual compensation of non-executive employees. The Federal Energy Regulatory Commission is tasked with determining if bonuses are allowed and overseeing compliance. If a utility violates these rules, the bonus must be forfeited to the United States. These forfeited funds are then distributed to the utility's customers through payments issued by the Commissioner of Internal Revenue.

Yes· 3 of 7

  • Scored +5

    Does this give people more protection from unfair business practices?

    The bill protects consumers by limiting rate increases and providing refunds via forfeited bonuses.

  • Scored +4

    Would households on low incomes be better off under this?

    The bill creates a mechanism for utility customers to receive financial payments from forfeited bonuses.

  • Scored +3

    Would middle-income households be better off under this?

    The bill restricts utility rate increases to match the Consumer Price Index.

The opposite

No question was scored the opposite.