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        <title>Tax Excessive CEO Pay Act of 2024</title>
        <congress>118</congress>
        <number>7041</number>
        <type>HR</type>
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          <actionDate>2024-01-18</actionDate>
          <text>Referred to the House Committee on Ways and Means.</text>
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        <fullName>Sen. Sanders, Bernard [I-VT]</fullName>
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        <fullName>Sen. Warren, Elizabeth [D-MA]</fullName>
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        <state>MA</state>
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        <fullName>Sen. Van Hollen, Chris [D-MD]</fullName>
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        <fullName>Sen. Markey, Edward J. [D-MA]</fullName>
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        <lastName>Markey</lastName>
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        <middleName>J.</middleName>
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        <fullName>Sen. Welch, Peter [D-VT]</fullName>
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        <lastName>Welch</lastName>
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        <sponsorshipDate>2024-01-22</sponsorshipDate>
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      <name>Taxation</name>
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        <updateDate>2024-02-13T21:15:33Z</updateDate>
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        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2024-02-14T15:17:49Z</updateDate>
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          <text>&lt;p&gt;&lt;b&gt;Tax Excessive CEO Pay Act of 2024&lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill increases the current 21% income tax rate of corporations whose ratio of compensation of their principal executive &lt;e &gt; officers or other highest compensated employees to median worker compensation is more than 50 to 1, in which case the increase is 0.5%. The pay ratio disparity extends from 100 to 1 to 500 to 1, in which case the increase is 5%. The bill exempts from such increase certain corporations based upon their average annual gross receipts.&lt;/p&gt;</text>
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    <title>Tax Excessive CEO Pay Act of 2024</title>
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        <title>Tax Excessive CEO Pay Act of 2024</title>
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        <title>Tax Excessive CEO Pay Act of 2024</title>
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        <title>A bill 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.</title>
        <updateDate>2024-02-15T09:08:21Z</updateDate>
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        <date>2024-01-18T05:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-118s3620is/xml/BILLS-118s3620is.xml</url>
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    <latestAction>
      <actionDate>2024-01-18</actionDate>
      <text>Read twice and referred to the Committee on Finance.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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