[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6479 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 6479

 To require air carriers receiving Federal loans under the Coronavirus 
 Aid, Relief, and Economic Security Act to limit compensation paid to 
each executive to the amount of such executive's 2019 salary until such 
               loans are repaid, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 10, 2020

 Mr. Burchett introduced the following bill; which was referred to the 
             Committee on Transportation and Infrastructure

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                                 A BILL


 
 To require air carriers receiving Federal loans under the Coronavirus 
 Aid, Relief, and Economic Security Act to limit compensation paid to 
each executive to the amount of such executive's 2019 salary until such 
               loans are repaid, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Taxpayer Accountability for Airlines 
Relief Act''.

SEC. 2. LIMITATION ON COMPENSATION TO AIR CARRIER EXECUTIVES.

    (a) In General.--With respect to an air carrier receiving a Federal 
loan under the Coronavirus Aid, Relief, and Economic Security Act, 
until such time as the air carrier repays all of such loan, the air 
carrier may only pay compensation to an executive of the air carrier in 
an amount equal to or less than the amount of salary paid to the 
executive in 2019.
    (b) Definitions.--In this section:
            (1) Air carrier.--The term ``air carrier'' has the meaning 
        such term has under section 40102 of title 49, United States 
        Code.
            (2) Executive.--With respect to an air carrier, the term 
        ``executive'' means an employee of the air carrier whose total 
        compensation exceeded $425,000 in calendar year 2019. For 
        purposes of this paragraph, for an employee hired after January 
        1, 2019, the annualized salary of such employee for calendar 
        year 2019 shall be used instead of the actual salary of the 
        employee.
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