On March 5, a bill was introdued in the Senate that would grant the SEC authority to carve out certain issuers from the “pay for performance” and the notorious “pay ratio” disclosures required by the Dodd Frank Act. We previously discussed problems with the pay ratio disclosure here and here. Here is the text of the amendment:
(c) Exemption- The Commission may, by rule or order, exempt an issuer or class of issuers from the requirements under section 14(i) of the Securities Exchange Act of 1934 (as amended by subsection (a) of this section) or subsection (b) of this section. In determining whether to make an exemption under this subsection, the Commission shall take into account, among other considerations, whether the requirements under subsections (a) and (b) disproportionately burden small issuers.