Stop Subsidizing Multimillion Dollar Corporate Bonuses Act

Summary

Official

Stop Subsidizing Multimillion Dollar Corporate Bonuses Act This bill extends the $1 million limit on the deductibility of executive compensation to all employees of publicly traded corporations.

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Bill Progress

Bill has been introduced and assigned a number

Introduced(10/26/23)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. Reed

Senate (D) Rhode Island

Cosponsors (7)

Merkley

Senate (D) Oregon

Whitehouse

Senate (D) Rhode Island

Van Hollen

Senate (D) Maryland

Baldwin

Senate (D) Wisconsin

Blumenthal

Senate (D) Connecticut

Warren

Senate (D) Massachusetts

Sanders

Senate (I) Vermont

Latest Action

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5216)

Oct 26, 2023