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US HR4242

US HR4242
Greater Accountability in Pay Act


summary

Introduced
09/06/2019
In Committee
09/20/2019
Crossed Over
Passed
Dead
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)

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