Representative David Rouzer introduces H.R. 192: Amtrak Executive Bonus Disclosure Act

We have received text from H.R. 192: Amtrak Executive Bonus Disclosure Act. This bill was received on 2025-01-03, and currently has 1 cosponsor.

Here is a short summary of the bill:

This bill, titled the Amtrak Executive Bonus Disclosure Act, aims to amend current requirements regarding the reporting and public disclosure of compensation for certain executives at Amtrak, the national passenger railroad service. The key aspects of the bill include:

Key Provisions

• The bill requires Amtrak to publicly disclose information about the annual base pay and any bonuses paid to members of its executive leadership team. This includes top executives such as the chief executive officer and other officers.
• Additionally, Amtrak must provide a breakdown of the criteria and metrics used to determine any bonus compensation. This means that Amtrak will need to explain how and why executives receive certain bonuses.
• The information must be available on Amtrak's website, making it easily accessible to the public, alongside submission to Congress.

Objective

The main goal of the bill is to increase transparency regarding how executives at Amtrak are compensated, particularly in regard to performance-based bonuses. By making this information public, the bill intends to provide stakeholders, including passengers and taxpayers, with insights into executive pay decisions and the metrics that drive those decisions.

Legislative History

This bill was introduced to the U.S. House of Representatives on January 3, 2025, by Mr. Rouzer, along with Mr. Graves, and was referred to the Committee on Transportation and Infrastructure for further consideration.

Implications

By requiring this level of disclosure, the bill aims to hold Amtrak accountable for its executive compensation practices, especially in terms of performance alignment with the revenue and service outcomes of the railroad. A clearer understanding of how bonuses are awarded could also lead to broader discussions on executive compensation norms within government-related organizations.

Relevant Companies

• AMTK - Since Amtrak is a federally-chartered corporation, any changes in reporting requirements specifically for its executive compensation could impact public perception and operational funding approaches if the transparency leads to demands for changes in executive pay structures.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.