Amtrak Executive Bonus Disclosure Act
This 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.
[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8689 Introduced in House (IH)]
<DOC>
118th CONGRESS
2d Session
H. R. 8689
To require Amtrak to publicly disclose certain bonus compensation paid
to Amtrak executives, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
June 11, 2024
Mr. Molinaro introduced the following bill; which was referred to the
Committee on Transportation and Infrastructure
_______________________________________________________________________
A BILL
To require Amtrak to publicly disclose certain bonus compensation paid
to Amtrak executives, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Amtrak Executive Bonus Disclosure
Act''.
SEC. 2. PUBLIC DISCLOSURE OF TAXPAYER-ASSISTED EXECUTIVE COMPENSATION.
(a) Briefing.--Not later than 30 days before Amtrak awards
performance-based bonus compensation to an Amtrak executive, Amtrak
shall brief the Committee on Transportation and Infrastructure of the
House of Representatives and the Committee on Commerce, Science, and
Transportation of the Senate on the proposed bonus and the criteria and
metrics used to calculate such a bonus.
(b) Public Disclosure.--Amtrak shall publish in the Federal
Register--
(1) notice of any bonus compensation awarded to an Amtrak
executive not later than 30 days after awarding such bonus; and
(2) an explanation of the criteria and metrics used to
calculate such bonus.
(c) Amtrak Executive Defined.--In this section, the term ``Amtrak
executive'' means a full-time employee of Amtrak in a management
position, including the following positions:
(1) Chief Executive Officer.
(2) Executive Vice President and General Counsel and
Corporate Secretary.
(3) President.
(4) Vice President, Government Affairs, and Corporate
Communications.
(5) Executive Vice President, Capital Delivery.
(6) Executive Vice President, Strategy, Planning and
Accessibility.
(7) Executive Vice President and Chief Safety Officer.
(8) Executive Vice President and Chief Human Resource
Officer.
(9) Executive Vice President, Service Delivery and
Operations.
(10) Executive Vice President and Chief Financial Officer.
(11) Executive Vice President, Digital Technology and
Innovation.
(12) Any individual whose duties and responsibilities are
substantially similar the personnel listed in paragraphs (1)
through (11), or as defined in section 700.2(b) of title 49,
Code of Federal Regulations.
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Introduced in House
Introduced in House
Referred to the House Committee on Transportation and Infrastructure.
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Subcommittee on Railroads, Pipelines, and Hazardous Materials Discharged
Committee Consideration and Mark-up Session Held
Ordered to be Reported in the Nature of a Substitute by Unanimous Consent.
Reported (Amended) by the Committee on Transportation and Infrastructure. H. Rept. 118-780.
Reported (Amended) by the Committee on Transportation and Infrastructure. H. Rept. 118-780.
Placed on the Union Calendar, Calendar No. 645.
Mr. Graves (LA) moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H6536-6537)
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DEBATE - The House proceeded with forty minutes of debate on H.R. 8689.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6536)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6536)
Motion to reconsider laid on the table Agreed to without objection.
The title of the measure was amended. Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Commerce, Science, and Transportation.