H.R.192 - Amtrak Executive Bonus Disclosure Act (119th Congress)
Summary
H.R.192, the Amtrak Executive Bonus Disclosure Act, mandates Amtrak to publicly disclose the base pay and bonus compensation of its executive leadership team, including the criteria and metrics used to determine bonus compensation. This information must be available on Amtrak's website. The bill amends Title 49 of the United States Code, specifically Section 24315(a).
Expected Effects
This act will increase transparency regarding executive compensation at Amtrak. Public access to this information may influence public perception and potentially impact future compensation decisions. It could also lead to greater accountability for Amtrak executives.
Potential Benefits
- Increased transparency in the use of public funds.
- Greater accountability for Amtrak executives.
- Potential for more informed public discourse regarding executive compensation.
- May incentivize performance improvements among executives.
- Could lead to more equitable compensation practices.
Most Benefited Areas:
Potential Disadvantages
- Potential for increased administrative burden on Amtrak.
- Risk of misinterpretation or misuse of disclosed information.
- Possible negative impact on executive morale if disclosures are perceived as unfair.
- May not significantly alter Amtrak's overall financial performance.
- Could lead to political pressure on executive compensation decisions.
Constitutional Alignment
The act appears to align with the principles of government transparency and accountability, which are implicit in the Constitution's emphasis on representative government. While the Constitution does not explicitly address executive compensation in government-related entities, the power of Congress to legislate on matters related to interstate commerce (Article I, Section 8) provides a basis for this law. The act does not infringe upon any specific constitutional rights or freedoms.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).