US HB399 | 2017-2018 | 115th Congress

Status

Spectrum: Partisan Bill (Democrat 43-0)
Status: Introduced on January 10 2017 - 25% progression
Action: 2017-01-10 - 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 This bill 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
2017-01-10HouseReferred to the House Committee on Ways and Means.
2017-01-10HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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