MN HF3356

Caps annual compensation for executive, managerial, or administrative personnel at nonprofit hospitals and affiliated medical entities at the annual salary and expense allowance of the President of the United States (currently $400,000).

Limits severance and postemployment compensation for former executives at the same level, with pro rata reductions when multiple entities contribute to compensation.

Requires annual reporting to the attorney general within three months of fiscal year end, including names, titles, and detailed compensation breakdowns for the ten highest-paid executives and five highest severance recipients, posted publicly online.

Authorizes the attorney general and state taxpayers to bring civil actions for violations, with penalties up to $500,000 per individual per year, plus potential revocation of tax-exempt status and nonprofit corporate status.

Exempts medical and healthcare professionals who spend at least 50 percent of their time providing medical services, research, or direct patient care from compensation limits.