HR 620 · 114th Congress 2015–2017, ended

CEO-Employee Paycheck Fairness Act of 2015

Introduced Jan 28, 2015 Originated House Sponsor Chris Van Hollen D-MD

Fact sheet

Latest action · Jan 28, 2015 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.

  1. IntroducedJan 28, 2015
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

CEO-Employee Paycheck Fairness Act of 2015

Amends the Internal Revenue Code to deny a publicly held corporation a tax deduction for the payment of performance-based remuneration in excess of $1 million to any of its current or former officers or directors if such corporation does not meet the pay fairness requirement established by this Act. Deems the pay fairness requirement to be satisfied if: (1) the average compensation paid by the employer for all applicable U.S. employees for the taxable year exceeds the inflation and productivity growth adjusted average (i.e., $118,450 in 2015) of such compensation for the preceding taxable year; and (2) the aggregate compensation paid by the employer to or for all applicable employees for the taxable year is not less than the aggregate of such compensation for the preceding taxable year. 

Cosponsors 18

Members who signed on, in the order they did. Signatures ran from Jan 28, 2015 to Feb 25, 2015, with 16 there on the day it was introduced.

SeatCosponsorSigned on
D-FLAlan GraysonOriginalJan 28, 2015
D-CAAlan S. LowenthalOriginalJan 28, 2015
D-FLAlcee L. HastingsOriginalJan 28, 2015
D-NJBonnie Watson ColemanOriginalJan 28, 2015
D-RIDavid N. CicillineOriginalJan 28, 2015
D-VADonald S. Beyer, Jr.OriginalJan 28, 2015
D-DCEleanor Holmes NortonOriginalJan 28, 2015
D-SCJames E. ClyburnOriginalJan 28, 2015
D-WAJim McDermottOriginalJan 28, 2015
D-FLKathy CastorOriginalJan 28, 2015
D-NYLouise McIntosh SlaughterOriginalJan 28, 2015
D-WIMark PocanOriginalJan 28, 2015
D-CAMichael M. HondaOriginalJan 28, 2015
D-VTPeter WelchOriginalJan 28, 2015
D-PARobert A. BradyOriginalJan 28, 2015
Show all 18 cosponsors

Actions 2

Everything that happened, newest first.

  1. Jan 28, 2015Introduced in House
  2. Jan 28, 2015Referred to the House Committee on Ways and Means.

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. Jan 28, 2015Introduced in House

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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.