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Pay Raise Transparency: Executive vs. Employee Compensation Disclosure

New rules require companies to disclose how executive compensation changes compared to other employees. This aims to increase transparency, allowing citizens to assess fairness in pay raises and how wages keep pace with inflation.
Key points
Companies must report the percentage increase in executive officer compensation.
Companies must report the percentage increase in compensation for all other employees.
The ratio of executive pay raises to employee pay raises will be disclosed.
Pay raises will be compared to inflation, showing the real purchasing power of earnings.
article Official text account_balance Process page
Expired
Citizen Poll
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Additional Information
Print number: 117_HR_1188
Sponsor: Rep. Velazquez, Nydia M. [D-NY-7]
Process start date: 2021-02-18
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Greater Accountability in Pay Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1188.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-02-18.

What are the main provisions?

Key points include:

  • Companies must report the percentage increase in executive officer compensation.
  • Companies must report the percentage increase in compensation for all other employees.
  • The ratio of executive pay raises to employee pay raises will be disclosed.
  • Pay raises will be compared to inflation, showing the real purchasing power of earnings.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Velazquez, Nydia M. [D-NY-7].

What is the latest detailed status?

The latest detailed status is: Placed on the Union Calendar, Calendar No. 38.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Labor Economy