U.S. Congress legislation · 119th Congress
SB5353: No Bonuses for Utility Executives Act
Status: In committee, August 6, 2026
A bill to limit bonuses for executives of certain electric utilities, and for other purposes.
What the bill says
To limit bonuses for executives of certain electric utilities, and for other purposes.
From the introduced text, August 6, 2026:
A BILL To limit bonuses for executives of certain electric utilities, and for other purposes. SECTION 1. Short title This Act may be cited as the No Bonuses for Utility Executives Act . SECTION 2. Limitation on bonuses for executives of certain electric utilities (a) Definitions In this section: (1) Commission The term Commission means the Federal Energy Regulatory Commission. (2) Covered utility The term covered utility has the meaning given the term State regulated electric utility in section 3 of the Public Utility Regulatory Policies Act of 1978 ( 16 U.S.C. 2602 ). (3) Customer rates The term customer rates means the rates and charges made, demanded, or received by a covered utility for or in connection with the sale of electric energy and, if applicable, natural gas. (4) Executive The term executive means a C-suite executive, including a chief executive officer, chief operating officer, chief financial officer, chief information officer, chief technology officer, chief marketing officer, chief human resources officer, chief people officer, and any person that the Commission determines holds a title substantially similar to any such title. (5) Fiscal year The term fiscal year , with respect to a covered utility, means the fiscal year of that covered utility. (6) Secretary The term Secretary means the Secretary of the Treasury, acting through the Bureau of the …
Sponsors
- Blumenthal, Richard (D) · primary sponsor
- Hawley, Josh (R, SD-MO)
Latest actions
- : Read twice and referred to the Committee on Energy and Natural Resources.
- : Introduced in Senate
Subjects: Energy
Common questions
- What is SB5353?
- SB5353 is a bill in Congress (119th Congress): No Bonuses for Utility Executives Act.
- What does SB5353 do?
- In its own words: To limit bonuses for executives of certain electric utilities, and for other purposes.
- What is the status of SB5353?
- In committee as of August 6, 2026. Latest action: Read twice and referred to the Committee on Energy and Natural Resources. (August 6, 2026).
- Who sponsored SB5353?
- Blumenthal, Richard (D), with 1 co-sponsor.
- Where is the official record for SB5353?
- On the Congress website: https://www.congress.gov/bill/119th-congress/senate-bill/5353
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.