Pass the No Bonuses for Utility Executives Act!

The No Bonuses for Utility Executives Act, S. 5353, from Sens. Richard Blumenthal (D-Conn.) and Josh Hawley (R-Mo.), would prohibit state-regulated utilities from giving their C-suite leaders a bonus in years when electricity rates increase faster than inflation. Utilities would have to run bonuses by the Federal Energy Regulatory Commission or risk financial penalties. Those forfeitures would be redistributed to customers in the form of a rebate. I support this bill! Congress must do all it can to help Americans afford their utility bills and this is a good place to start. No utility CEOs should be making giant bonuses while Americans are struggling to afford basic power costs. Pass this bill now! Thanks.