Bill > HR1188

This bill, the Greater Accountability in Pay Act of 2021, amends the Securities Exchange Act of 1934 to require public companies (excluding emerging growth companies) to disclose certain information related to executive and non-executive employee pay raises in their annual reports. Specifically, the bill requires companies to report: (1) the percentage increase in median annual total compensation for executive officers; (2) the percentage increase in median annual total compensation for non-executive employees; (3) the ratio of the executive officer pay raise percentage to the non-executive employee pay raise percentage; (4) a comparison of the executive officer pay raise percentage to the change in the Consumer Price Index; and (5) a comparison of the non-executive employee pay raise percentage to the change in the Consumer Price Index. This information is intended to provide greater transparency and accountability around how companies are allocating pay increases between executives and other employees.

Business and Industry

https://www.congress.gov/bill/117th-congress/house-bill/1188/all-info