No Bonuses for Utility Executives Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 6590 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 6590 To limit bonuses for executives of certain electric utilities, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES December 10, 2025 Mr. Riley of New York (for himself and Mr. Van Drew) introduced the following bill; which was referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned _______________________________________________________________________ A BILL To limit bonuses for executives of certain electric utilities, 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 ``No Bonuses for Utility Executives Act''. SEC. 2. LIMITATION ON BONUSES FOR EXECUTIVES OF CERTAIN ELECTRIC UTILITIES. (a) Authorized Bonuses.-- (1) In general.--Beginning January 1, 2025, a covered utility may, subject to paragraph (2), pay a bonus to an executive of such covered utility for the fiscal year of the covered utility only if the average percentage increase in customer rates of the covered utility for such fiscal year does not exceed any percentage increase in the Consumer Price Index for All Urban Consumers (CPI-U) published by the Bureau of Labor Statistics of the Department of Labor for the 12-month period ending on the last day of such fiscal year. (2) Limitation.--A bonus paid pursuant to paragraph (1) may not exceed 25 percent of the median of the annual compensation for such fiscal year of employees of the covered utility who are not executives. (b) Oversight.-- (1) Determination of bonuses allowed.-