3.0.0 1006 2023-01-11T13:19:03Z 2023-01-11T13:19:03Z Senate S S 2009-05-07 111 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2009-05-07T19:24:00Z 2009-05-07 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S5291) IntroReferral 2009-05-07 Sponsor introductory remarks on measure. (CR S5290-5291) IntroReferral B00100 9 Library of Congress 2009-05-07 Introduced in Senate IntroReferral 10000 9 Library of Congress D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. N Finance and Financial Sector Banking and financial institutions regulation Corporate finance and management Employee benefits and pensions Securities Wages and earnings Finance and Financial Sector 00 2009-05-07 Introduced in Senate 2009-06-05T19:41:52Z Excessive Pay Shareholder Approval Act - Amends the Securities Exchange Act of 1934 to prohibit the compensation for an employee of an issuer of securities in any single taxable year from exceeding 100 times the average compensation for services performed by all the issuer's employees during such taxable year.

Allows higher compensation only if at least 60% of the shareholders have voted to approve it (through a proxy or consent or authorization for an annual or other meeting of the shareholders, occurring within the preceding 18 months).

]]> Excessive Pay Shareholder Approval Act Display Title Excessive Pay Shareholder Approval Act Official Title as Introduced A bill to require a supermajority shareholder vote to approve excessive compensation of any employee of a publicly-traded company. Introduced in Senate IS Short Titles as Introduced Excessive Pay Shareholder Approval Act Introduced in Senate 2009-05-07T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s1006is/xml/BILLS-111s1006is.xml 2009-05-07 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S5291) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.