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Utility Executive Bonus Limits Tied to Customer Rate Hikes and Inflation.

This legislation aims to protect consumers from excessive increases in electricity and natural gas rates. Executive bonuses at certain utilities are restricted if customer rate increases exceed the rate of inflation. If a utility violates this rule, the forfeited bonus money will be distributed directly to customers as individual payments.
Key points
Executive bonuses for covered utilities are only allowed if customer rate increases do not exceed the Consumer Price Index (CPI-U) inflation rate.
If a utility violates the bonus limits, the forfeited amount is divided and issued as a direct payment (stimulus check) to every customer.
The maximum allowable bonus is capped at 25% of the median annual compensation of non-executive employees.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_6590
Sponsor: Rep. Riley, Josh [D-NY-19]
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

No Bonuses for Utility Executives Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_6590.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

What are the main provisions?

Key points include:

  • Executive bonuses for covered utilities are only allowed if customer rate increases do not exceed the Consumer Price Index (CPI-U) inflation rate.
  • If a utility violates the bonus limits, the forfeited amount is divided and issued as a direct payment (stimulus check) to every customer.
  • The maximum allowable bonus is capped at 25% of the median annual compensation of non-executive employees.
What is the specific legal status?

The current status is Introduced.

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. Riley, Josh [D-NY-19].

What is the latest detailed status?

The latest detailed status is: Sponsor introductory remarks on measure. (CR H5805)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy