1 Congressional Progressive Caucus Executive Action Proposals for the 118th Congress Top Priorities At A Glance Hold Corporations Accountable ● Crack down on airline misconduct and boost competition by fining airlines for failing to refund passengers for delayed flights or canceling flights for insufficient staffing. Improve gate access and slotting for smaller air carriers at major airports to increase available flights, seats and affordability for consumers. ● Take aggressive action to improve worker and community safety in the rail industry through regulatory action to spur adoption of technology like electronic pneumatic brakes, heat and vibration detectors, and safer tank cars. Expand the list of substances regulated as “highly hazardous” and shorten the length of trains to limit derailment damage. ● Expand oversight of banks that have avoided enhanced regulatory supervision by subjecting all banks above $100 billion in assets to the Federal Reserve’s strong supervision, mandating strong capital requirements, updated stress test compliance and yearly resolution plans. Advance strong Securities and Exchange Commission (SEC) rulemaking to curb incentive-based compensation arrangements at financial firms that encourage excessive and inappropriate risk-taking. ● Ensure federal funding opportunities go to contractors who do not do stock buybacks, building on Commerce Department’s recent guidance for the CHIPS and Science Act ● Pursue action to curb predatory behaviors of for-profit colleges through rulemaking, enforcement, denying contracts, and informing students of risks. ● Protect nursing home residents and workers and improve quality of care through minimum staffing standards, fines for misconduct, and bans on binding arbitration clauses in resident contracts. Raise Wages and Empower Workers ● Strengthen overtime protections to give millions of full-time salaried workers making less than $80,000 a year time-and-a-half pay for more than 40 hours on the job per workweek and provide automatic updates to prevent the erosion of the federal threshold. ● Use all of the Department of Labor’s (DOL) available enforcement tools to hold employers accountable for labor violations, including breaking laws related to wage and hour, health and safety, and the use of goods produced in violation of federal minimum wage, overtime, and child labor provisions.
Congressional Progressive Caucus Executive Action Proposals for the 118th Congress
Jul 11, 2023
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