; (8) the term public water system has the meaning given the term in section 1401 of the Safe Drinking Water Act (42 U.S.C. 300f); and (9) the term treatment works has the meaning given the term in section 212 of the Federal Water Pollution Control Act (33 U.S.C. 1292). (b) Prohibition (1) In general A covered company may not— (A) pay a bonus toa C-suite executive of the covered company; or (B) otherwise provide an individual described in subparagraph (A) with any golden parachute compensation. (2) Taxation If a covered company pays a bonus or otherwise provides compensation in violation of paragraph (1), that bonus or compensation, as applicable, shall be treated for purposes of the Internal Revenue Code of 1986 as if it were an excess parachute payment under section 280G of such Code.