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H.R.4291 / 109th Congress

Protection Against Executive Compensation Abuse Act

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

Official summary

Version 00 · Introduced in House · Nov 10, 2005

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.

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Who introduced it

Rep. Frank, Barney [D-MA-4] · D–MA

Committees

  • Financial Services Committee
33 cosponsorship records, including any withdrawals

Actions

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

  2. Referred to the House Committee on Financial Services.

  3. Introduced in House

  4. Introduced in House

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Aug 15, 2025. Consult Congress.gov for the current record.

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Objective

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Progressive lens

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Institutions and government scope

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Individual rights and government power

Liberty lens

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