I 
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 fol-
lowing bill; which was referred to the Committee on Energy and Com-
merce, and in addition to the Committee on Ways and Means, for a pe-
riod to be subsequently determined by the Speaker, in each case for con-
sideration of such provisions as fall within the jurisdiction of the com-
mittee 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 Representa-
tives 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.— 
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(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 aver-
age percentage increase in customer rates of the cov-
ered 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 Bu-
reau 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 me-
dian of the annual compensation for such fiscal year 
of employees of the covered utility who are not ex-
ecutives. 
(b) OVERSIGHT.— 
(1) DETERMINATION OF BONUSES ALLOWED.— 
(A) INFORMATION PROVIDED TO COMMIS-
SION.—Not later than 1 week after the last day 
of the fiscal year of a covered utility, the cov-
ered utility shall provide to the Federal Energy 
Regulatory Commission information on— 
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(i) the average percentage increase in 
customer rates of the covered utility for 
such fiscal year; and 
(ii) the median of the annual com-
pensation for such fiscal year of employees 
of the covered utility who are not execu-
tives. 
(B) DETERMINATION
OF
BONUSES
AL-
LOWED.—Not later than 1 month after the last 
day of such fiscal year, the Commission shall 
determine— 
(i) whether the covered utility may 
pay a bonus pursuant to subsection (a)(1); 
and 
(ii) the maximum allowable amount 
under subsection (a)(2) of any such bonus. 
(2) OVERSIGHT OF BONUSES.— 
(A) DETERMINATION
OF
COMPLIANCE.— 
The Commission shall, jointly with the Commis-
sioner of Internal Revenue, determine whether 
each covered utility is in compliance with sub-
section (a). 
(B) PENALTIES.— 
(i) FORFEITURE.—A bonus resulting 
from a violation of subsection (a) by a cov-
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ered utility shall be forfeited to the United 
States. 
(ii) STIMULUS
CHECKS.—For any 
such bonus— 
(I) the covered utility shall pro-
vide any information to the Commis-
sioner of Internal Revenue that the 
Commissioner determines to be nec-
essary to carry out subclause (II); and 
(II) the Commissioner shall issue 
a payment to each customer of such 
covered utility in an amount equal to 
the amount forfeited under clause (i) 
divided by the number of customers of 
the covered utility. 
(c) DEFINITIONS.—In this section: 
(1) COVERED
UTILITY.—The term ‘‘covered 
utility’’ means a State regulated electric utility (as 
such term is defined in section 3 of the Public Util-
ity Regulatory Policies Act of 1978 (16 U.S.C. 
2602)) that is not wholly owned by United States 
persons. 
(2) CUSTOMER
RATES.—The term ‘‘customer 
rates’’ means the rates and charges made, de-
manded, or received by a covered utility for or in 
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connection with the sale of electric energy and, if ap-
plicable, natural gas. 
(3) EXECUTIVE.—The term ‘‘executive’’ means 
a C-suite executive, including a chief executive offi-
cer, chief operating officer, chief financial officer, 
chief information officer, chief technology officer, 
chief marketing officer, chief human resources offi-
cer, chief people officer, and any person that the 
Commission determines holds a title substantially 
similar to any such title. 
(4) 
UNITED
STATES
PERSON.—The 
term 
‘‘United States person’’ means— 
(A) an individual who is a citizen of, or an 
alien lawfully admitted for permanent residence 
in, the United States; or 
(B) an entity organized under the laws of 
the United States or any jurisdiction within the 
United States. 
Æ 
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