# 119-s-5353: No Bonuses for Utility Executives Act

119-s-5353, No Bonuses for Utility Executives Act, is a 119th Congress bill sponsored by Sen. Blumenthal, Richard [D-CT] (D-CT); status introduced; PRIA reads it as touching household money (as of 2026-09-10).

- Canonical: https://policyrisk.com/legislation/119-s-5353
- As of: 2026-09-10
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-5353
- Congress: 119
- Title: No Bonuses for Utility Executives Act
- Status: introduced
- Introduced: 2026-08-06
- Sponsor: Sen. Blumenthal, Richard [D-CT] (D-CT)
- Cosponsors: 1
- Policy area: Energy
- Touches household money: yes
- Last recorded action: 2026-09-10

## Summary

**Tie executive bonuses to rate restraint.** This bill would block or limit bonuses for executives at state‑regulated electric utilities unless a utility’s average customer rate increase for the fiscal year does not exceed the Consumer Price Index for All Urban Consumers (CPI‑U). - Families and households: If a bonus is forfeited the law requires that amount to be returned to customers as a per‑customer check instead of being absorbed by the utility. The utility cannot recover any civil penalty through customer rates. - Workers and executives: Executives could receive at most 25% of the median annual pay of the utility’s non‑executive employees as a bonus. Utilities must report that median each year to the Federal Energy Regulatory Commission. - Utilities and regulators: Covered utilities must report rate changes and median pay within 7 days after the fiscal year ends and the Commission has 30 days to approve or deny bonus eligibility. Violations trigger forfeiture and a civil penalty equal to the bonus amount.

## Cosponsors (1)

- Sen. Hawley, Josh [R-MO] (R-MO), 2026-08-06T00:00:00.000Z

## Provisions PRIA read

- Limits on utility executive bonuses: benefit, medium. If enacted, beginning January 1, 2027, covered utilities would only be able to pay executive bonuses for a fiscal year if the utility's average customer rate increase for that year did not exceed the 12‑month change in the CPI‑U ending on the fiscal year end. Any allowed bonus would be capped at 25…

## Related bills

- 119-s-5238: For Our Republic Act
- 119-s-5071: Children's Safe Welcome Act of 2026
- 119-s-2838: Protecting Our Democracy Act
- 119-s-2819: Head Start for America's Children Act
- 119-s-1748: Kids Online Safety Act
- 119-s-1541: SHIPS for America Act of 2025

## Sources
- [119-s-5353 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/5353)

## Related
- [119-s-5238: For Our Republic Act](https://policyrisk.com/legislation/119-s-5238)
- [119-s-5071: Children's Safe Welcome Act of 2026](https://policyrisk.com/legislation/119-s-5071)
- [119-s-2838: Protecting Our Democracy Act](https://policyrisk.com/legislation/119-s-2838)
- [119-s-2819: Head Start for America's Children Act](https://policyrisk.com/legislation/119-s-2819)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-5353 (as of 2026-09-10).