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Greater Pay Accountability: Disclosing Executive and Employee Wage Increases

New rules require public companies to disclose information on pay raises for executives and other employees. This aims to increase transparency, allowing citizens to better understand how pay raises are distributed within companies, which may influence their assessment of corporate compensation policies.
Key points
Companies must disclose the percentage increase in executive compensation.
Companies must disclose the percentage increase in non-executive employee compensation.
The ratio of executive pay increases to employee pay increases will be revealed.
Pay increases will be compared to the Consumer Price Index (CPI).
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Expired
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Additional Information
Print number: 118_HR_5519
Sponsor: Rep. Velazquez, Nydia M. [D-NY-7]
Process start date: 2023-09-14
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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

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5519.

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 2023-09-14.

What are the main provisions?

Key points include:

  • Companies must disclose the percentage increase in executive compensation.
  • Companies must disclose the percentage increase in non-executive employee compensation.
  • The ratio of executive pay increases to employee pay increases will be revealed.
  • Pay increases will be compared to the Consumer Price Index (CPI).
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: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Labor Economy