Amtrak Executive Pay and Bonus Transparency
Also known as: Amtrak Executive Bonus Disclosure Act
Legislative Progress
Key Points
- This bill would require Amtrak to publicly list the yearly base salary and any bonus money paid to its top leaders. This includes the CEO, the president, and other high-level officers.
- Amtrak would have to post this information on its official website so anyone can see it. Currently, this information is reported to Congress, but this change makes it easily available to the general public.
- The goal is to make the taxpayer-funded train service more transparent. Along with the dollar amounts, Amtrak must also explain the specific goals or rules they used to decide why an executive earned a bonus.
- The House of Representatives has already passed this bill, and it is now being considered by the Senate. If it becomes law, it would change how the company reports its financial details every year.
Milestones
Received in the Senate and Read twice and referred to the Committee on Commerce, Science, and Transportation.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 407 - 0 (Roll no. 8). (text: CR H99)
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 407 - 0 (Roll no. 8). (text: CR H99)
Considered as unfinished business. (consideration: CR H106-107)
Vote Results
1 voteOn Motion to Suspend the Rules and Pass
Source Information
Document Type
Congressional Bill
Official Title
Amtrak Executive Bonus Disclosure Act
Sponsor
Cosponsors
(1)Data Sources
Analysis generated by AI. While we strive for accuracy, this should not be considered legal or professional advice. Always verify information with official government sources.