Political Quotes

On the recordJune 8, 2017
My colleagues have already done a good job of talking in great detail about why this bill is really a festival of bad choices, of wrong choices for America, but I want to focus on one issue in particular: executive pay. This ``Wrong'' CHOICE Act actually takes away provisions that rein in irresponsible pay to executives, the very people who decide decisions that get us into this entire mess in the first place. Number one, this bill eliminates a rule barring incentive-based executive pay that encourages ``inappropriate risks.'' It puts the average American in danger of having to pay for another bank bailout. Giving out bonuses for putting our national financial stability at risk is flat wrong. Number two, it eliminates a requirement for corporations to disclose how their CEO's pay compares to the average employee's salary. This bill eliminates transparency. And number three, if you can believe it, this bill even abolishes a rule requiring companies to disclose whether executives and board directors are allowed to bet against their own stock. This bill takes us back to the days of Enron. I urge my colleagues to vote ``no'' on this irresponsible legislation.
Said by
Matt Cartwright
Democratic · Pennsylvania

Share

More from Matt Cartwright

May 15, 2024

I thank Ranking Member Larson for yielding. I wonder if he would submit himself to a few questions and engage in a colloquy. Will the gentleman yield?

govinfo.gov
Nov 8, 2023

I oppose this amendment, and I yield back the balance of my time. The Acting CHAIR. The question is on the amendment offered by the gentleman from South Carolina (Mr. Norman). The amendment was agreed to. Amendment No. 98 Offered by Mr…

govinfo.gov
Nov 8, 2023

I claim the time in opposition to this amendment. The Acting CHAIR. The gentleman from Pennsylvania is recognized for 5 minutes.

govinfo.gov
Dec 5, 2023

It is of great importance that the next farm bill ensures the nearly $20 billion provided in the Inflation Reduction Act (IRA) for USDA conservation programs is used for its intended purpose.

congress.gov

Other voices in this conversation