H.R.192 - Amtrak Executive Bonus Disclosure Act (119th Congress)
Summary
H.R. 192, the Amtrak Executive Bonus Disclosure Act, aims to increase transparency regarding the compensation of Amtrak executives. The bill amends Title 49 of the United States Code, requiring Amtrak to publicly disclose the base pay and bonus compensation of its executive leadership team. This includes the criteria and metrics used to determine bonus compensation, making this information available on Amtrak's website.
Expected Effects
The primary effect of this bill would be increased transparency and public accountability for Amtrak executive compensation. This could lead to greater scrutiny of executive pay decisions and potentially influence future compensation structures. The public will have access to information previously only available to Congress.
Potential Benefits
- Increased transparency in the use of taxpayer funds.
- Greater accountability for Amtrak executives.
- Potential for more responsible compensation decisions.
- Public access to information on executive performance metrics.
- May encourage more efficient use of resources by Amtrak.
Most Benefited Areas:
Potential Disadvantages
- Potential for increased administrative burden on Amtrak.
- Possible discouragement of qualified candidates from seeking executive positions due to increased scrutiny.
- Risk of misinterpretation or misuse of the disclosed information by the public or media.
- May not significantly impact Amtrak's overall performance or financial stability.
- Could lead to political pressure on executive compensation decisions.
Constitutional Alignment
The bill appears to align with the principles of government transparency and accountability. Congress has the power to oversee and regulate government-funded entities like Amtrak. This oversight is consistent with Article I, Section 8 of the Constitution, which grants Congress the power to regulate commerce and provide for the general welfare. The requirement for disclosure does not infringe upon any specific constitutional rights.
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).