US SB3620 | 2023-2024 | 118th Congress
Status
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Introduced on January 18 2024 - 25% progression
Action: 2024-01-18 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 18 2024 - 25% progression
Action: 2024-01-18 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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
Tax Excessive CEO Pay Act of 2024
Sponsors
Sen. Bernard Sanders [I-VT] | Sen. Elizabeth Warren [D-MA] | Sen. Chris Van Hollen [D-MD] | Sen. Edward Markey [D-MA] |
Sen. Peter Welch [D-VT] |
History
Date | Chamber | Action |
---|---|---|
2024-01-18 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB7041 (Same As) 2024-01-18 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/118th-congress/senate-bill/3620/all-info |
Text | https://www.congress.gov/118/bills/s3620/BILLS-118s3620is.pdf |