HR 399 · 115th Congress 2017–2019, ended

Stop Subsidizing Multimillion Dollar Corporate Bonuses Act

Introduced Jan 10, 2017 Originated House Sponsor Lloyd Doggett D-TX

Fact sheet

Latest action · Jan 10, 2017 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 10, 2017
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

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 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 to register securities and provide periodic reports to their investors.

Cosponsors 55

Members who signed on, in the order they did. Signatures ran from Jan 10, 2017 to Nov 28, 2017, with 42 there on the day it was introduced.

SeatCosponsorSigned on
D-CAAlan S. LowenthalOriginalJan 10, 2017
D-FLAlcee L. HastingsOriginalJan 10, 2017
D-CABarbara LeeOriginalJan 10, 2017
D-NJBonnie Watson ColemanOriginalJan 10, 2017
D-NYBrian HigginsOriginalJan 10, 2017
D-ILDaniel LipinskiOriginalJan 10, 2017
D-NCDavid E. PriceOriginalJan 10, 2017
D-IADavid LoebsackOriginalJan 10, 2017
D-RIDavid N. CicillineOriginalJan 10, 2017
D-NJDonald M. Payne, Jr.OriginalJan 10, 2017
D-VADonald S. Beyer, Jr.OriginalJan 10, 2017
D-DCEleanor Holmes NortonOriginalJan 10, 2017
D-MDElijah E. CummingsOriginalJan 10, 2017
D-CAGrace F. NapolitanoOriginalJan 10, 2017
D-WIGwen MooreOriginalJan 10, 2017
Show all 55 cosponsors

Actions 2

Everything that happened, newest first.

  1. Jan 10, 2017Introduced in House
  2. Jan 10, 2017Referred to the House Committee on Ways and Means.

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 82Stop Subsidizing Multimillion Dollar Corporate Bonuses ActIdentical billJan 10, 2017

Subjects

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

Text 1

Each version as it was printed, newest first.

  1. Jan 10, 2017Introduced 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.