Amtrak Executive Bonus Disclosure Act
Amtrak Executive Bonus Disclosure Act
Plain Language Summary
# Amtrak Executive Bonus Disclosure Act Summary **What the Bill Does** This bill requires Amtrak (the national passenger railroad company) to publicly disclose how much its top executives are paid, including their base salaries and any bonus compensation. The bill also requires Amtrak to explain the specific criteria and metrics used to decide whether executives receive bonuses. This information must be included in Amtrak's annual report to Congress and posted on Amtrak's public website so taxpayers can see it. **Who It Affects** The bill directly affects Amtrak's executive leadership team and Amtrak as a federal corporation.
More broadly, it impacts taxpayers and members of Congress, since Amtrak receives federal funding and Congress has oversight responsibility. The goal is to increase government transparency and accountability. **Current Status** The bill has passed the House of Representatives. It was sponsored by Representative David Rouzer (R-NC) and would need Senate approval to become law.
CRS Official Summary
Amtrak Executive Bonus Disclosure ActThis bill requires Amtrak to publicly disclose the annual base pay and bonus compensation paid to an Amtrak executive in a required annual report to Congress.Specifically, Amtrak must incorporate into the annual report the annual base pay and any bonus compensation paid to a member of the executive leadership team. This must include the criteria and metrics used to determine any bonus compensation.Further, Amtrak must make the annual report available on Amtrak's public website.
Latest Action
Received in the Senate and Read twice and referred to the Committee on Commerce, Science, and Transportation.