summary
Introduced
09/06/2019
09/06/2019
In Committee
09/20/2019
09/20/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend the Securities Exchange Act of 1934 to require issuers to disclose information on pay raises made to executives and non-executive employees, and for other purposes. This bill requires specified issuers of securities to disclose compensation information regarding executive officers and employees.
AI Summary
This bill, the Greater Accountability in Pay Act, amends the Securities Exchange Act of 1934 to require public companies (not emerging growth companies) to disclose certain compensation information in their annual reports. Specifically, the bill requires disclosure of the percentage increase in median annual total compensation for executive officers and for all other employees, the ratio of those two percentages, and a comparison of those percentages to the change in the Consumer Price Index over the same period. The goal is to provide more transparency around pay increases for executives versus other workers.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Placed on the Union Calendar, Calendar No. 267. (on 12/11/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
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