Amtrak Executive Bonus Disclosure Act

Bill: 118-hr-8689
Sponsor: full_name: Rep. Molinaro, Marcus J. [R-NY-19]
Introduced: 2024-06-11
Policy area: Transportation and Public Works
Subjects: Congressional oversight

Government employee pay, benefits, personnel management

Government information and archives

National Railroad Passenger Corporation (Amtrak)
Latest action: action_date: 2024-12-10
text: Received in the Senate and Read twice and referred to the Committee on Commerce, Science, and Transportation.

Summaries:
action_date: 2024-06-11
action_desc: Introduced in House
text: <p><strong>Amtrak Executive Bonus Disclosure Act</strong></p><p>This bill requires Amtrak to publicly disclose any performance-based&nbsp;bonus compensation paid to an Amtrak executive.</p><p>Specifically, at least 30 days before awarding performance-based bonus compensation to an Amtrak executive, Amtrak must brief Congress on (1) the proposed bonus, and (2) the criteria and metrics used to calculate the bonus.</p><p>Further, Amtrak must publish in the Federal Register (1) a notice of any bonus compensation awarded to an executive (within 30 days after awarding the bonus), and (2) the criteria and metrics used to calculate the bonus.</p>

action_date: 2024-11-26
action_desc: Reported to House
text: <p><strong>Amtrak Executive Bonus Disclosure Act</strong></p><p>This bill requires Amtrak to publicly disclose the annual base pay and&nbsp;bonus compensation paid to an Amtrak executive&nbsp;in a required annual report to Congress.</p><p>Specifically,&nbsp;Amtrak must incorporate into the annual report&nbsp;the annual base pay and any bonus compensation paid to a member of the executive leadership team. This must include the criteria and metrics used to determine any bonus compensation.</p><p>Further, Amtrak must make the annual report available on Amtrak's public website.</p>

tv_txt: IIB 118th CONGRESS 2d Session H. R. 8689 IN THE SENATE OF THE UNITED STATES December 10, 2024 Received; read twice and referred to the Committee on Commerce, Science, and Transportation AN ACT To amend title 49, United States Code, to require Amtrak to include information on base pay and bonus compensation of certain Amtrak executives, and for other purposes.

1. Short title This Act may be cited as the Amtrak Executive Bonus Disclosure Act . 2. Amtrak reports and audits Section 24315(a) of title 49, United States Code, is amended— (1) by inserting , and make available to the public on the website of Amtrak, after submit to Congress ; and (2) by striking paragraph (2) and inserting the following: (2) provide the annual base pay and any bonus compensation paid to a member of the executive leadership team (including the chief executive officer, president, and officers) of Amtrak, including the criteria and metrics used to determine any such bonus compensation; and .

Passed the House of Representatives December 9, 2024. Kevin F. McCumber, Clerk.

tv_txt: IB 118th CONGRESS 2d Session H. R. 8689 IN THE HOUSE OF REPRESENTATIVES AN ACT To amend title 49, United States Code, to require Amtrak to include information on base pay and bonus compensation of certain Amtrak executives, and for other purposes.

1. Short title This Act may be cited as the Amtrak Executive Bonus Disclosure Act . 2. Amtrak reports and audits Section 24315(a) of title 49, United States Code, is amended— (1) by inserting , and make available to the public on the website of Amtrak, after submit to Congress ; and (2) by striking paragraph (2) and inserting the following: (2) provide the annual base pay and any bonus compensation paid to a member of the executive leadership team (including the chief executive officer, president, and officers) of Amtrak, including the criteria and metrics used to determine any such bonus compensation; and .

Passed the House of Representatives December 9, 2024. Kevin F. McCumber, Clerk.

tv_txt: IB Union Calendar No. 645 118th CONGRESS 2d Session H. R. 8689 [Report No. 118–780] IN THE HOUSE OF REPRESENTATIVES June 11, 2024 Mr. Molinaro introduced the following bill; which was referred to the Committee on Transportation and Infrastructure November 26, 2024 Additional sponsor: Mr. Graves of Missouri November 26, 2024 Reported with amendments, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed Strike out all after the enacting clause and insert the part printed in italic For text of introduced bill, see copy of bill as introduced on June 11, 2024 A BILL To require Amtrak to publicly disclose certain bonus compensation paid to Amtrak executives, and for other purposes.

1. Short title This Act may be cited as the Amtrak Executive Bonus Disclosure Act . 2. Amtrak reports and audits Section 24315(a) of title 49, United States Code, is amended— (1) by inserting , and make available to the public on the website of Amtrak, after submit to Congress ; and (2) by striking paragraph (2) and inserting the following: (2) provide the annual base pay and any bonus compensation paid to a member of the executive leadership team (including the chief executive officer, president, and officers) of Amtrak, including the criteria and metrics used to determine any such bonus compensation; and .

Amend the title so as to read: A bill to amend title 49, United States Code, to require Amtrak to include information on base pay and bonus compensation of certain Amtrak executives, and for other purposes. .

November 26, 2024 Reported with amendments, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

tv_txt: I 118th CONGRESS 2d Session H. R. 8689 IN THE HOUSE OF REPRESENTATIVES June 11, 2024 Mr. Molinaro introduced the following bill; which was referred to the Committee on Transportation and Infrastructure A BILL To require Amtrak to publicly disclose certain bonus compensation paid to Amtrak executives, and for other purposes.

1. Short title This Act may be cited as the Amtrak Executive Bonus Disclosure Act . 2. Public disclosure of taxpayer-assisted executive compensation (a) Briefing Not later than 30 days before Amtrak awards performance-based bonus compensation to an Amtrak executive, Amtrak shall brief the Committee on Transportation and Infrastructure of the House of Representatives and the Committee on Commerce, Science, and Transportation of the Senate on the proposed bonus and the criteria and metrics used to calculate such a bonus. (b) Public disclosure Amtrak shall publish in the Federal Register— (1) notice of any bonus compensation awarded to an Amtrak executive not later than 30 days after awarding such bonus; and (2) an explanation of the criteria and metrics used to calculate such bonus. (c) Amtrak executive defined In this section, the term Amtrak executive means a full-time employee of Amtrak in a management position, including the following positions: (1) Chief Executive Officer. (2) Executive Vice President and General Counsel and Corporate Secretary. (3) President. (4) Vice President, Government Affairs, and Corporate Communications. (5) Executive Vice President, Capital Delivery. (6) Executive Vice President, Strategy, Planning and Accessibility. (7) Executive Vice President and Chief Safety Officer. (8) Executive Vice President and Chief Human Resource Officer. (9) Executive Vice President, Service Delivery and Operations. (10) Executive Vice President and Chief Financial Officer. (11) Executive Vice President, Digital Technology and Innovation. (12) Any individual whose duties and responsibilities are substantially similar the personnel listed in paragraphs (1) through (11), or as defined in section 700.2(b) of title 49, Code of Federal Regulations.