US Congress Senate Bill 20 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 3 2017 - 25% progression, died in committee
Action: 2017-01-03 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

CEO-Employee Paycheck Fairness Act of 2017 This bill 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 bill. The pay fairness requirement is 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 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 2017

Sen. Chris Van Hollen [D-MD]

Date	Chamber	Action
2017-01-03	Senate	Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/20/all-info
Text	https://www.congress.gov/115/bills/s20/BILLS-115s20is.pdf