Senate
Jan 10, 2017

A bill to amend the Internal Revenue Code of 1986 to expand the denial of deduction for certain excessive employee remuneration, and for other purposes.

Summary

Official

Stop Subsidizing Multimillion Dollar Corporate Bonuses Act This bill amends the Internal Revenue Code, with respect to the $1 million limitation on the deductibility of employee compensation, to: (1) extend such limitation to any individual who is a current or former officer, director, or employee of a publicly-held corporation; (2) eliminate the exemption from such...

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Bill Progress

Bill has been introduced and assigned a number

Introduced(1/10/17)
Committee
Passed House
Passed Senate
President
Law

Sponsor

JR

Mr. Reed

Senate (D) Rhode Island

Cosponsors (7)

Topics

Latest Action

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S206-207)

Jan 10, 2017