HONEST Enterprise Act

HR 4801, the HONEST Enterprise Act, establishes the "Compassionate Capitalist Award" to recognize businesses for ethical and community-focused practices. The award is given annually to organizations in four size categories (small, midsize, large, very large) based on performance in four areas: environmental stewardship, ethical governance, social responsibility, and worker empowerment. A board of directors - comprising business, labor, and nonprofit representatives - administers the program, using a standardized evaluation tool to score nominations and verify applicant claims. The bill does not mandate new regulations but creates a voluntary recognition program requiring businesses to apply and pay a fee, with results and award criteria published publicly.