How HR 192 changes current law

Amtrak Executive Bonus Disclosure Act · United States

How this bill changes current law

2 changes

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

This bill requires Amtrak to provide additional information regarding the compensation of its executives in its annual operations report.

  • 49 U.S.C. § 24315(a)

    provides relevant information about a decision to pay an officer of Amtrak more than the rate for level I of the Executive Schedule under section 5312 of title 5; → 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;

    This change replaces the previous requirement for reporting on executive pay decisions with a requirement to detail annual pay and bonuses for specific executives.

  • 49 U.S.C. § 24315(a)

    , and make available to the public on the website of Amtrak,

    This addition requires Amtrak to publicly disclose its operations report on its website.

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