US HB2103 | 2015-2016 | 114th Congress

Status

Spectrum: Partisan Bill (Democrat 50-0)
Status: Introduced on April 29 2015 - 25% progression, died in committee
Action: 2015-04-29 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Stop Subsidizing Multimillion Dollar Corporate Bonuses Act Amends the Internal Revenue Code, with respect to the $1 million limitation on the deductibility of employee compensation, to: (1) extend such limitation to any individual who is a current or former officer, director, or employee of a publicly-held corporation; (2) eliminate the exemption from such limitation for compensation payable on a commission basis or upon the attainment of a performance goal; and (3) make such limitation applicable to all publicly-held corporations that are required by the Securities and Exchange Commission to register securities and provide periodic reports to their investors.

Tracking Information

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Title

Stop Subsidizing Multimillion Dollar Corporate Bonuses Act

Sponsors


History

DateChamberAction
2015-04-29HouseReferred to the House Committee on Ways and Means.
2015-04-29HouseIntroduced in House

Same As/Similar To

SB1127 (Related) 2015-04-29 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2532)
SB2677 (Related) 2016-03-15 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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