US Congress House Bill 620 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 19-0)
Status: Introduced on January 28 2015 - 25% progression, died in committee
Action: 2015-01-28 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

CEO-Employee Paycheck Fairness Act of 2015 Amends the Internal Revenue Code to deny a publicly held corporation a tax deduction for the payment of performance-based remuneration in excess of $1 million to any of its current or former officers or directors if such corporation does not meet the pay fairness requirement established by this Act. Deems the pay fairness requirement to be satisfied if: (1) the average compensation paid by the employer for all applicable U.S. employees for the taxable year exceeds the inflation and productivity growth adjusted average (i.e., $118,450 in 2015) of such compensation for the preceding taxable year; and (2) the aggregate compensation paid by the employer to or for all applicable employees for the taxable year is not less than the aggregate of such compensation for the preceding taxable year.

CEO-Employee Paycheck Fairness Act of 2015

Sen. Chris Van Hollen [D-MD]	Rep. James Clyburn [D-SC]	Rep. Rosa DeLauro [D-CT]	Rep. Louise Slaughter [D-NY]
Rep. Jim McDermott [D-WA]	Rep. Eleanor Norton [D-DC]	Rep. Robert Brady [D-PA]	Rep. Don Beyer [D-VA]
Sen. Peter Welch [D-VT]	Rep. Mark Pocan [D-WI]	Rep. Alan Lowenthal [D-CA]	Rep. David Cicilline [D-RI]
Rep. Kathy Castor [D-FL]	Rep. Michael Honda [D-CA]	Rep. Alcee Hastings [D-FL]	Rep. Bonnie Coleman [D-NJ]
Rep. Alan Grayson [D-FL]	Rep. James McGovern [D-MA]	Rep. Mark DeSaulnier [D-CA]

Date	Chamber	Action
2015-01-28	House	Referred to the House Committee on Ways and Means.
2015-01-28	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/620/all-info
Text	https://www.congress.gov/114/bills/hr620/BILLS-114hr620ih.pdf