US SB2268 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on July 25 2019 - 25% progression, died in committee
Action: 2019-07-25 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5110)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 25 2019 - 25% progression, died in committee
Action: 2019-07-25 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5110)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Extends the $1 million limit on the deductibility of executive compensation to all employees of publicly traded corporations.
Title
Stop Subsidizing Multimillion Dollar Corporate Bonuses Act
Sponsors
Sen. Jack Reed [D-RI] | Sen. Richard Blumenthal [D-CT] | Sen. Sheldon Whitehouse [D-RI] | Sen. Jeff Merkley [D-OR] |
Sen. Tammy Baldwin [D-WI] | Sen. Elizabeth Warren [D-MA] | Sen. Chris Van Hollen [D-MD] | Sen. Sherrod Brown [D-OH] |
History
Date | Chamber | Action |
---|---|---|
2019-07-25 | Senate | Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5110) |
Same As/Similar To
HB3970 (Same As) 2019-07-25 - Referred to the House Committee on Ways and Means.
Subjects
Administrative law and regulatory procedures
Business expenses
Corporate finance and management
Department of the Treasury
Income tax deductions
Taxation
Wages and earnings
Business expenses
Corporate finance and management
Department of the Treasury
Income tax deductions
Taxation
Wages and earnings
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/2268/all-info |
Text | https://www.congress.gov/116/bills/s2268/BILLS-116s2268is.pdf |