Salary Collection Regulatory Relief Act

Bill: 114-s-1722
Sponsor: full_name: Sen. Rounds, Mike [R-SD]
Introduced: 2015-07-08
Policy area: Finance and Financial Sector
Subjects: Business records

Corporate finance and management

Government information and archives

Securities

Wages and earnings
Latest action: action_date: 2015-07-08
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4930-4931)

Summaries:
action_date: 2015-07-08
action_desc: Introduced in Senate
text: <p><b>Salary Collection Regulatory Relief Act</b> .</p> <p> Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal the requirement that the Securities and Exchange Commission amend certain federal regulations about executive compensation to require each issuer of securities to disclose in any filing: (1) the median of the annual total compensation of all the issuer's employees, except the chief executive officer; (2) the annual total compensation of the chief executive officer; and (3) the ratio of the first amount to the second.</p>

tv_txt: II 114th CONGRESS 1st Session S. 1722 IN THE SENATE OF THE UNITED STATES July 8, 2015 Mr. Rounds introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal certain additional disclosure requirements, and for other purposes.

1. Short title This Act may be cited as the Salary Collection Regulatory Relief Act . 2. Repeal of additional disclosure requirements Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 15 U.S.C. 78l note) is hereby repealed and any regulations issued pursuant to such subsection shall have no force or effect.