CEO-Employee Paycheck Fairness Act of 2015
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.
- IntroducedJan 28, 2015
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- 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; 16 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-FL | Alan Grayson | Original | Jan 28, 2015 |
| D-CA | Alan S. Lowenthal | Original | Jan 28, 2015 |
| D-FL | Alcee L. Hastings | Original | Jan 28, 2015 |
| D-NJ | Bonnie Watson Coleman | Original | Jan 28, 2015 |
| D-RI | David N. Cicilline | Original | Jan 28, 2015 |
| D-VA | Donald S. Beyer, Jr. | Original | Jan 28, 2015 |
| D-DC | Eleanor Holmes Norton | Original | Jan 28, 2015 |
| D-SC | James E. Clyburn | Original | Jan 28, 2015 |
| D-WA | Jim McDermott | Original | Jan 28, 2015 |
| D-FL | Kathy Castor | Original | Jan 28, 2015 |
| D-NY | Louise McIntosh Slaughter | Original | Jan 28, 2015 |
| D-WI | Mark Pocan | Original | Jan 28, 2015 |
| D-CA | Michael M. Honda | Original | Jan 28, 2015 |
| D-VT | Peter Welch | Original | Jan 28, 2015 |
| D-PA | Robert A. Brady | Original | Jan 28, 2015 |
| D-CT | Rosa L. DeLauro | Original | Jan 28, 2015 |
| D-MA | James P. McGovern | Feb 3, 2015 | |
| D-CA | Mark DeSaulnier | Feb 25, 2015 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Jan 28, 2015 |
Actions 2
Everything that happened, newest first.
- Jan 28, 2015Introduced in House
- Jan 28, 2015Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 161, no. 14, January 28, 2015, page H664.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R42395 | A Retrospective of House Rules Changes Since the 110th Congress Archived | Report | Jun 28, 2017 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to expand the denial of deduction for certain excessive employee remuneration.
- Short Titles as Introduced
- CEO-Employee Paycheck Fairness Act of 2015
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jan 28, 2015Introduced 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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
