3.0.0 1127 2023-01-11T13:27:18Z 2023-01-11T13:27:18Z Senate S 2015-04-29 114 ssfi00 Finance Committee Senate Standing Referred to 2015-04-29T19:21:09Z Stop Subsidizing Multimillion Dollar Corporate Bonuses Act 114 2103 HR 2015-04-29 Referred to the House Committee on Ways and Means. Identical bill CRS Related bill CRS SAVE Benefits Act 114 2251 S 2015-11-05 Read twice and referred to the Committee on Finance. Related bill CRS In the Red Act of 2016 114 2677 S 2016-03-15 Read twice and referred to the Committee on Finance. Related bill CRS In the Red Act of 2016 114 5106 HR 2016-09-19 Referred to the Subcommittee on Higher Education and Workforce Training. Related bill CRS 2015-04-29 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure:CR S2532) IntroReferral 2015-04-29 Introduced in Senate IntroReferral 10000 9 Library of Congress R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. N B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2015-04-29 True W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2015-04-30 False W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI 2015-05-06 False U000039 Sen. Udall, Tom [D-NM] TOM UDALL D NM 2015-06-04 False S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2015-09-16 False B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2015-12-03 False M000133 Sen. Markey, Edward J. [D-MA] Edward Markey D MA J. 2016-06-20 False M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2016-09-26 False F000457 Sen. Franken, Al [D-MN] Al Franken D MN 2016-09-27 False Taxation Administrative law and regulatory procedures Corporate finance and management Department of the Treasury Income tax deductions Wages and earnings Taxation 00 2015-04-29 Introduced in Senate 2015-06-04T20:05:06Z 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.

]]> Stop Subsidizing Multimillion Dollar Corporate Bonuses Act Display Title Stop Subsidizing Multimillion Dollar Corporate Bonuses Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to expand the denial of deduction for certain excessive employee remuneration, and for other purposes. Introduced in Senate IS Short Titles as Introduced Stop Subsidizing Multimillion Dollar Corporate Bonuses Act Introduced in Senate 2015-04-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s1127is/xml/BILLS-114s1127is.xml 2015-04-29 Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure:CR S2532) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.