# 119-hr-6590: No Bonuses for Utility Executives Act

119-hr-6590, No Bonuses for Utility Executives Act, is a 119th Congress bill sponsored by Rep. Riley, Josh [D-NY-19] (D-NY); status introduced; PRIA reads it as touching household money (as of 2026-08-12).

- Canonical: https://policyrisk.com/legislation/119-hr-6590
- As of: 2026-08-12
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-6590
- Congress: 119
- Title: No Bonuses for Utility Executives Act
- Status: introduced
- Introduced: 2025-12-10
- Sponsor: Rep. Riley, Josh [D-NY-19] (D-NY)
- Cosponsors: 3
- Policy area: Energy
- Touches household money: yes
- Last recorded action: 2026-08-12

## Summary

**Limits executive bonuses for certain state-regulated electric utilities.** The bill would block bonuses tied to customer rate increases that exceed the Consumer Price Index for Urban Consumers (CPI-U) change and would cap any allowed executive bonus at 25% of the covered utility’s median annual pay for non‑executive employees, with the rule kicking in January 1, 2025. - Customers: If a bonus is paid in violation it must be forfeited and the Internal Revenue Service would divide the forfeited amount and issue a per-customer payment. - Executives: C-suite officers such as CEOs and CFOs would be subject to a new eligibility test tied to the CPI-U and a hard 25% cap based on median non-executive pay. - Oversight and compliance: The Federal Energy Regulatory Commission must receive utility data on rate changes and median non-executive pay within one week of the fiscal year end and must determine eligibility and maximum allowable bonuses within one month, with FERC and the IRS jointly overseeing enforcement.

## Cosponsors (3)

- Rep. Van Drew, Jefferson [R-NJ-2] (R-NJ), 2025-12-10T00:00:00.000Z
- Rep. Gallagher, James [R-CA-1] (R-CA), 2026-08-10T00:00:00.000Z
- Rep. Vindman, Eugene Simon [D-VA-7] (D-VA), 2026-08-10T00:00:00.000Z

## Provisions PRIA read

- Tighter bonus rules for utility bosses: benefit, high. If enacted, some state‑regulated electric utilities that are not fully U.S.-owned would face new limits on executive bonuses starting with fiscal years on or after January 1, 2025. A bonus could be paid only if the utility’s average customer rate increase for that year is no higher than the 12‑mont…
- Customer refunds from illegal utility bonuses: benefit, low. If enacted, starting in 2025, covered utilities would have to send FERC their average rate increase and median non‑executive pay within 1 week after their fiscal year ends. FERC would decide within 1 month if bonuses are allowed and the maximum amount. FERC and the IRS would oversee compliance. If…

## Related bills

- 119-hr-4669: FEMA Act of 2025
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-6900: American Affordability Act of 2025
- 119-hr-3526: Uplifting First-Time Homebuyers Act of 2025
- 119-hr-1229: United States-Israel Defense Partnership Act of 2025
- 119-hr-7973: Momnibus Act

## Sources
- [119-hr-6590 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/6590)

## Related
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-6900: American Affordability Act of 2025](https://policyrisk.com/legislation/119-hr-6900)
- [119-hr-3526: Uplifting First-Time Homebuyers Act of 2025](https://policyrisk.com/legislation/119-hr-3526)
- [119-hr-1229: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-hr-1229)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-6590 (as of 2026-08-12).