3.0.0 20 2023-01-11T13:35:21Z 2023-01-11T13:35:21Z Senate S 2017-01-03 115 ssfi00 Finance Committee Senate Standing Referred to 2017-01-03T19:25:51Z 2017-01-03 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2017-01-03 Introduced in Senate IntroReferral 10000 9 Library of Congress V000128 Sen. Van Hollen, Chris [D-MD] Chris Van Hollen D MD 8 N Taxation Corporate finance and management Economic performance and conditions Income tax deductions Inflation and prices Wages and earnings Taxation 00 2017-01-03 Introduced in Senate 2017-01-05T15:27:52Z 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 Display Title CEO-Employee Paycheck Fairness Act of 2017 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. Introduced in Senate IS Short Titles as Introduced CEO-Employee Paycheck Fairness Act of 2017 Introduced in Senate 2017-01-03T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s20is/xml/BILLS-115s20is.xml 2017-01-03 Read twice and referred to the Committee on Finance. 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.