The Connecticut House of Representatives is not ready to vote on a bill that would stop companies that received federal assistance, such as American International Group Inc., from awarding bonuses under a state law.
Douglas Whiting, a spokesman for Democratic House Speaker Christopher Donovan, says there’s not enough agreement yet between Democrats and Republicans to move ahead with the proposal Wednesday.
Republicans first proposed rewriting the Connecticut Wage Act, which AIG officials have partially blamed for why they’ve paid about $165 million in bonuses. The state law allows employees to sue for twice the full amount of contractually owed wages if the employer refuses to pay up.
Senate Democrats, meanwhile, have proposed a second bill to tax Connecticut’s share of the bonus income at 80 percent rate.
Topics Legislation AIG Connecticut
Was this article valuable?
Here are more articles you may enjoy.
Lemonade Posts $43M Loss for Q2 as it Continues to Grow Customer Base 
Viewpoint: Who Gets Credit for Successful Renewal During Soft Reinsurance Market? 
Mapfre to Acquire Safety Insurance for $1.54 Billion in Cash Deal 
Berry Producer Driscoll’s Sued Over Alleged Greenwashing, Use of Forever Chemicals 
