US Congress Senate Bill 82 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on January 10 2017 - 25% progression, died in committee
Action: 2017-01-10 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S206-207)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

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.

Stop Subsidizing Multimillion Dollar Corporate Bonuses Act

Sen. Jack Reed [D-RI]	Sen. Richard Blumenthal [D-CT]	Sen. Chris Van Hollen [D-MD]	Sen. Tammy Baldwin [D-WI]
Sen. Elizabeth Warren [D-MA]	Sen. Sheldon Whitehouse [D-RI]	Sen. Sherrod Brown [D-OH]	Sen. Jeff Merkley [D-OR]

Date	Chamber	Action
2017-01-10	Senate	Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S206-207)

HB399 (Same As) 2017-01-10 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/82/all-info
Text	https://www.congress.gov/115/bills/s82/BILLS-115s82is.pdf