The Defense Department is looking to place a cap on the executive pay of defense contractors, extending the limit from the top five to all positions, according to an All Headline News report.
Under the proposed $693,951-per-year cap, executive pay would include wages, salaries, bonuses and deferred compensation.
The House has passed a pay cap of all workers at defense contractors. The Senate has yet to vote on the measure.
The bill does not actually affect salaries of workers at major contractors but they cannot bill the government for more than the set amount.
The White House proposed a pay cap as part of its deficit reduction plan, tying the cap to the salaries of senior federal officials at the Executive Schedule Level 1, which pays $200,000 per year.
