The CEO Accountability and Responsibility Act is a federal bill that aims to hold chief executive officers (CEOs) of corporations accountable for their companies' actions. The main provisions of the bill include increasing transparency in CEO compensation, requiring CEOs to disclose any conflicts of interest, and establishing penalties for CEOs who engage in fraudulent or unethical behavior. This bill seeks to promote ethical conduct among corporate leaders and improve corporate governance practices. If passed, it could have significant impacts on how CEOs are compensated and held responsible for their decisions, potentially leading to greater accountability and oversight within corporations.
2023-03-01: Introduced in House
2023-03-01: Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Accountability, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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