The House Democrats bill would prohibit companies from paying premiums to their executives or paying dismissed executives until companies repay their coronavirus relief loans to the federal government.
The bill would also prohibit companies that receive aid loans from buying back their own shares or paying dividends to shareholders. And it would prevent such companies from lobbying the federal government to cause trouble on Democratic and Republican lobbyists alike on K Street.
In contrast, McConnell’s law only prohibits companies receiving coronavirus aid from giving increases for two years to employees who earn more than $ 425,000 a year. It also prohibits such companies from paying severance packages to employees who earn more than $ 425,000 and are worth more than twice what the employee did last year.
Pelosi’s office did not immediately respond to a request for comment.