Bill 118 hr 8689, also known as the Amtrak Executive Bonus Disclosure Act, aims to increase transparency and accountability within the Amtrak organization by requiring the disclosure of executive bonuses. The bill was introdu...
ced in the House of Representatives and is currently under consideration by the Committee on Transportation and Infrastructure.
If passed, the bill would mandate that Amtrak publicly disclose any bonuses or incentive payments made to its executives. This information would need to be reported annually and made available to the public on the Amtrak website. The goal of this legislation is to ensure that taxpayers and stakeholders have access to information about how executive compensation is determined within the organization.
Supporters of the bill argue that increased transparency around executive bonuses will help to prevent misuse of taxpayer funds and hold Amtrak leadership accountable for their decisions. Critics, however, may raise concerns about the potential impact on Amtrak's ability to attract and retain top talent if executive compensation is made public.
Overall, the Amtrak Executive Bonus Disclosure Act seeks to promote greater transparency and oversight within the organization, with the ultimate goal of ensuring that taxpayer dollars are being used responsibly.