Stop Subsidizing Multimillion Dollar Corporate Bonuses Act
Latest action · Jan 29, 2014 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 29, 2014
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Stop Subsidizing Multimillion Dollar Corporate Bonuses Act - 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 limitation for compensation payable on a commission basis or upon the attainment of a performance goal; and (3) make such limitation applicable to all publicly-held corporations that are required by the Securities and Exchange Commission (SEC) to register securities and provide periodic reports to their investors.
Cosponsors 25
Members who signed on, in the order they did. Signatures ran from Feb 28, 2014 to Sep 18, 2014.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Barbara Lee | Feb 28, 2014 | |
| D-NH | Carol Shea-Porter | Feb 28, 2014 | |
| D-RI | David N. Cicilline | Feb 28, 2014 | |
| D-DC | Eleanor Holmes Norton | Feb 28, 2014 | |
| D-IL | Janice D. Schakowsky | Feb 28, 2014 | |
| D-CA | Jared Huffman | Feb 28, 2014 | |
| D-MI | John D. Dingell | Feb 28, 2014 | |
| D-MN | Keith Ellison | Feb 28, 2014 | |
| D-NY | Louise McIntosh Slaughter | Feb 28, 2014 | |
| D-NY | Nydia M. Velázquez | Feb 28, 2014 | |
| D-IN | Peter J. Visclosky | Feb 28, 2014 | |
| D-CA | George Miller | Mar 14, 2014 | |
| D-AZ | Raúl M. Grijalva | Mar 14, 2014 | |
| D-MA | Niki Tsongas | Mar 25, 2014 | |
| D-PA | Robert A. Brady | Mar 25, 2014 |
Actions 2
Everything that happened, newest first.
- Jan 29, 2014Introduced in House
- Jan 29, 2014Referred to the House Committee on Ways and Means.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1476 | Stop Subsidizing Multimillion Dollar Corporate Bonuses Act | Related bill | Aug 1, 2013 |
| S 2162 | 21st Century Worker Tax Cut Act | Related bill | Mar 26, 2014 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jan 29, 2014Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.