US SB2312 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on July 30 2019 - 25% progression, died in committee
Action: 2019-07-30 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 30 2019 - 25% progression, died in committee
Action: 2019-07-30 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Imposes an additional tax on the income of corporations that have gross revenues in excess of $1 billion and a wage disparity level in excess of 3,000%. A "wage disparity level" is defined as the ratio of the annual salary of the highest compensated officer of the corporation to the median annual salary of all employees of the corporation.
Title
Equity in Compensation Act
Sponsors
| Sen. Jeff Merkley [D-OR] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-07-30 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
SB2445 (Related) 2019-09-09 - Read twice and referred to the Committee on Finance.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/2312/all-info |
| Text | https://www.congress.gov/116/bills/s2312/BILLS-116s2312is.pdf |
