Loading chat...

CT HB06747

Bill

Official Source

Status

Introduced

1/25/2017

Primary Sponsor

James Albis

Click for details

Origin

House of Representatives

2017 General Assembly

AI Summary

  • Prohibits state subsidies, grants, and bond-funded financial assistance to publicly traded companies where the highest-paid employee earns more than 100 times the median wage of Connecticut workers
  • Applies restrictions to companies receiving state financial support regardless of the assistance type (subsidies, grants, or bond-funded programs)
  • Aims to encourage higher median income levels in Connecticut by conditioning state financial assistance on executive compensation ratios
  • Referred to the Committee on Commerce for consideration

Legislative Description

An Act Prohibiting State Subsidies, Grants And Bond-funded Financial Assistance To Certain Publicly Traded Companies.

Last Action

Referred to Joint Committee on Commerce

1/25/2017

Committee Referrals

Commerce1/25/2017

Full Bill Text

No bill text available