3.0.0 5066 2022-11-01T05:17:27Z 2022-11-01T05:17:27Z House HR 2019-11-13 116 [Congressional Record Volume 165, Number 181 (Wednesday, November 13, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. LEE of California:H.R. 5066.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I of the United States Constitutionand its subsequent amendments, and further clarified andinterpreted by the Supreme Court of the United States.[Page H8827]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-11-13T15:01:45Z Tax Excessive CEO Pay Act of 2019 116 2849 S 2019-11-13 Read twice and referred to the Committee on Finance. Identical bill CRS 2019-11-13 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-11-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-11-13 Introduced in House IntroReferral 1000 9 Library of Congress L000551 Rep. Lee, Barbara [D-CA-13] BARBARA LEE D CA 13 N T000481 Rep. Tlaib, Rashida [D-MI-13] Rashida Tlaib D MI 13 2019-11-13 True G000551 Rep. Grijalva, Raúl M. [D-AZ-3] Raúl Grijalva D AZ M. 3 2019-11-13 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2019-11-13 True H001068 Rep. Huffman, Jared [D-CA-2] Jared Huffman D CA 2 2019-11-13 True J000298 Rep. Jayapal, Pramila [D-WA-7] Pramila Jayapal D WA 7 2019-11-13 True K000389 Rep. Khanna, Ro [D-CA-17] Ro Khanna D CA 17 2019-11-13 True T000193 Rep. Thompson, Bennie G. [D-MS-2] BENNIE THOMPSON D MS 2 2019-11-13 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2019-11-13 True D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 2019-11-13 True H001080 Rep. Haaland, Debra A. [D-NM-1] Debra Haaland D NM A. 1 2019-11-13 True E000297 Rep. Espaillat, Adriano [D-NY-13] Adriano Espaillat D NY 13 2019-11-13 True P000617 Rep. Pressley, Ayanna [D-MA-7] Ayanna Pressley D MA 7 2019-11-13 True G000586 Rep. Garcia, Jesus G. "Chuy" [D-IL-4] Jesus Garcia D IL G. 4 2019-11-13 True O000173 Rep. Omar, Ilhan [D-MN-5] Ilhan Omar D MN 5 2019-11-13 True W000822 Rep. Watson Coleman, Bonnie [D-NJ-12] Bonnie Watson Coleman D NJ 12 2019-11-13 True M000312 Rep. McGovern, James P. [D-MA-2] JAMES MCGOVERN D MA P. 2 2019-11-13 True T000472 Rep. Takano, Mark [D-CA-41] Mark Takano D CA 41 2019-11-14 False O000172 Rep. Ocasio-Cortez, Alexandria [D-NY-14] Alexandria Ocasio-Cortez D NY 14 2019-11-18 False Taxation Administrative law and regulatory procedures Corporate finance and management Department of the Treasury Income tax rates Wages and earnings Taxation 00 2019-11-13 Introduced in House 2019-12-03T18:47:12Z Tax Excessive CEO Pay Act of 2019

This bill requires an increase in the corporate income tax rate based upon the ratio of compensation paid to the corporation's highest paid employee to median worker compensation. The pay ratios range from greater than 50 to 1 (0.5% increase) to greater than 500 to 1 (5% increase). The bill exempts corporations whose average annual gross receipts during a three-year period are less than $100 million from the rate increase.

]]> Tax Excessive CEO Pay Act of 2019 Display Title Tax Excessive CEO Pay Act of 2019 Official Title as Introduced To amend the Internal Revenue Code of 1986 to impose a corporate tax rate increase on companies whose ratio of compensation of the CEO or other highest paid employee to median worker compensation is more than 50 to 1, and for other purposes. Introduced in House IH Short Title(s) as Introduced Tax Excessive CEO Pay Act of 2019 Introduced in House IH Introduced in House 2019-11-13T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr5066ih/xml/BILLS-116hr5066ih.xml 2019-11-13 Referred to the House Committee on Ways and Means. 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.