I 
116TH CONGRESS 
2D SESSION 
H. R. 6827 
To amend the Coronavirus Economic Stabilization Act of 2020 to place 
certain requirements on corporations receiving Federal aid related to 
COVID–19. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 12, 2020 
Ms. OCASIO-CORTEZ (for herself and Ms. WATERS) introduced the following 
bill; which was referred to the Committee on Financial Services 
A BILL 
To amend the Coronavirus Economic Stabilization Act of 
2020 to place certain requirements on corporations re-
ceiving Federal aid related to COVID–19. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Corporate Account-
ability Act’’. 
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SEC. 2. REQUIREMENTS ON ALL CORPORATIONS RECEIV-
ING FEDERAL AID RELATED TO COVID–19. 
(a) IN GENERAL.—The CARES Act (Public Law 
116–136) is amended by inserting after section 4029 the 
following: 
‘‘SEC. 4030. REQUIREMENTS ON ALL CORPORATIONS RE-
CEIVING FEDERAL AID RELATED TO COVID– 
19. 
‘‘(a) IN GENERAL.—Any corporation that receives 
Federal aid related to COVID–19 shall, during the cov-
ered period, comply with the following: 
‘‘(1) PAID
LEAVE
FOR
WORKERS.—The cor-
poration shall provide at least 14 days of fully-paid 
leave to all workers. 
‘‘(2) MINIMUM WAGE.— 
‘‘(A) IN GENERAL.—The corporation shall 
pay each employee (including full-time, part- 
time, and tipped employees) of the corporation 
a wage of not less than $15 an hour, beginning 
not later than January 1, 2021. 
‘‘(B) SENSE
OF
CONGRESS.—It is the 
sense of the Congress that each corporation de-
scribed under subparagraph (A)— 
‘‘(i) should meet the minimum wage 
requirements described under subpara-
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graph (A) before January 1, 2021, if the 
corporation is able; and 
‘‘(ii) should ensure that other compa-
nies with respect to which the corporation 
contracts also pay their employees the min-
imum wage described under subparagraph 
(A). 
‘‘(3) LIMITATION
ON
CEO
AND
EXECUTIVE 
PAY.—The corporation may not have a CEO to me-
dian worker pay ratio of greater than 50 to 1 and 
no officer or employee of the corporation may re-
ceived higher compensation than the chief executive 
officer (or any equivalent position). 
‘‘(b) ENFORCEMENT; RULEMAKING.—The Securities 
and Exchange Commission shall have the authority to en-
force this section and may issue such rules as may be nec-
essary to carry out this section. 
‘‘(c) DEFINITIONS.—In this section: 
‘‘(1) CEO TO MEDIAN WORKER PAY RATIO.— 
With respect to an corporation, the term ‘CEO to 
median worker pay ratio’ means the ratio of— 
‘‘(A) the annual total compensation, in-
cluding salary, equity, and any other form of 
compensation of the chief executive officer (or 
any equivalent position) of the corporation; and 
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