Senate
Jan 10, 2017A 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...
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