US Congress House Bill 4419 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on September 19 2019 - 25% progression, died in committee
Action: 2019-09-19 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Imposes a tax on certain publicly traded companies that have at least $250 million in U.S. earnings for the year, buy back securities during the year, and fail to pay employees a worker dividend. An employer covered by the bill must pay to U.S. employees a worker dividend that totals at least the lesser of: (1) the amount paid by the employer to repurchase securities of the employer on the open market during the taxable year; or (2) 50% of the amount by which the employer's U.S. earnings before interest, taxes, depreciation, and amortization exceed $250 million. Employers who fail to pay a required worker dividend are subject to a tax that is equal to the required dividend. The bill also specifies that the dividend must be distributed equally to employees and be paid in addition to compensation that the employer would ordinarily pay to employees.

Worker Dividend Act of 2019

Rep. Joseph Kennedy [D-MA]

Date	Chamber	Action
2019-09-19	House	Referred to the House Committee on Ways and Means.
2019-09-19	House	Introduced in House

SB2514 (Same As) 2019-09-19 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/4419/all-info
Text	https://www.congress.gov/116/bills/hr4419/BILLS-116hr4419ih.pdf