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MN HF4132

Bill

Official Source

Status

Introduced

3/4/2020

Primary Sponsor

Hunter Cantrell

Click for details

Origin

House of Representatives

91st Legislature 2019-2020

AI Summary

  • Caps base salaries for senior executives at health care companies and health care provider organizations with a principal place of business in Minnesota at the base salary of the president of the United States.

  • Exempts stock options, bonus incentives, and other benefits from the salary cap restriction.

  • Defines "principal place of business" as the location where a corporation's officers and executives direct, control, and coordinate company activities.

  • Adds new section 62J.053 to Minnesota Statutes, chapter 62J.

Legislative Description

Health care costs; executive salary limits set.

Last Action

Introduction and first reading, referred to Commerce

3/4/2020

Committee Referrals

Commerce3/4/2020

Full Bill Text

No bill text available