HR 4291 109th Congress House

Protection Against Executive Compensation Abuse Act

Official title: To amend the Securities Exchange Act of 1934 to require additional disclosure to shareholders of executive compensation.

Introduced: March 7, 2006 See on congress.gov

Finance and Financial Sector CommerceExecutive compensationInformation disclosure (Securities law)Labor and EmploymentStockholders

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jan 5, 2006

Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

Nov 10, 2005

Referred to the House Committee on Financial Services.

Nov 10, 2005

Introduced in House

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Latest action January 5, 2006

Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

Plain-English summary Congressional Research Service

Protection Against Executive Compensation Abuse Act - Amends the Securities Exchange Act of 1934 to set forth additional compensation disclosure requirements, including: (1) a comprehensive statement of the issuer's compensation plan for its principal executive officers; (2) any type of compensation (whether present, deferred, or contingent) paid or to be paid to such principal executive officers; (3) an estimate of the present value of any accrued pension of such officers; (4) the estimated market value of any other benefits received by such officers; (5) any agreements or understandings concerning compensation; and (6) the short- and long-term performance measures that the issuer uses for determining the compensation of such principal executive officers, and whether such measures were met by such officers during the preceding year.

Requires a separate shareholder vote to approve such compensation plan.

Requires proxy solicitation material concerning an acquisition, merger, consolidation, or proposed sale or other disposition of substantially all the assets of an issuer to disclose any agreements or understandings with any of its principal executive officers regarding any compensation (whether present, deferred, or contingent) based on or otherwise relating to the acquisition, merger, consolidation, sale, or other disposition (golden parachute compensation).

Requires mandatory electronic filings to appear in a clear, simple, and readily accessible format.

Bill text 1 version

Introduced in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 2

Capital Markets Subcommittee
House of Representatives · subcommittee of Financial Services Committee
Financial Services Committee
House of Representatives

Cosponsors 11

DeGette, Diana

Colorado · Sep 12, 2006

VISCLOSKY, PETER

· Sep 12, 2006

Davis, Danny K.

Illinois · Jul 20, 2006

Miller, Brad

· May 25, 2006

Moore, Gwen

Wisconsin · Mar 7, 2006

Schakowsky, Janice D.

Illinois · Mar 7, 2006

Massachusetts · Dec 16, 2005

Sanders, Bernard

Vermont · Dec 16, 2005

Velázquez, Nydia M.

New York · Nov 10, 2005

Cite this page click to expand

APA

U.S. Congress. (2026). H.R. 4291: Protection Against Executive Compensation Abuse Act. 109th Congress. Open America. https://openamerica.io/bill/109-HR-4291/

MLA

"H.R. 4291: Protection Against Executive Compensation Abuse Act." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-4291/.

Bluebook (legal)

H.R. 4291, 109th Cong. (2026), https://openamerica.io/bill/109-HR-4291/.

Markdown link

[H.R. 4291: Protection Against Executive Compensation Abuse Act](https://openamerica.io/bill/109-HR-4291/)