Taxpayer Accountability for Airlines Relief Act
This bill requires air carriers receiving federal loans under the Coronavirus Aid, Relief, and Economic Security Act due to COVID-19 (i.e., coronavirus disease 2019) to limit compensation of certain executives until the air carrier repays such loans.
Specifically, the bill prohibits such air carriers from paying its executives who earned a compensation of more than $425,00 in 2019 a salary that is greater than their 2019 salary.
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