Stop Subsidizing Multimillion Dollar Corporate Bonuses Act
Latest action · Jul 25, 2019 Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5110)
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.
- IntroducedJul 25, 2019
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 7
Members who signed on, in the order they did. All signed on Jul 25, 2019.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MD | Chris Van Hollen | Original | Jul 25, 2019 |
| D-MA | Elizabeth Warren | Original | Jul 25, 2019 |
| D-OR | Jeff Merkley | Original | Jul 25, 2019 |
| D-CT | Richard Blumenthal | Original | Jul 25, 2019 |
| D-RI | Sheldon Whitehouse | Original | Jul 25, 2019 |
| D-OH | Sherrod Brown | Original | Jul 25, 2019 |
| D-WI | Tammy Baldwin | Original | Jul 25, 2019 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Jul 25, 2019 |
Actions 2
Everything that happened, newest first.
- Jul 25, 2019Introduced in Senate
- Jul 25, 2019Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5110)
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 3970 | Stop Subsidizing Multimillion Dollar Corporate Bonuses Act | Identical bill | Jul 25, 2019 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Internal Revenue Code of 1986 to expand the denial of deduction for certain excessive remuneration, and for other purposes.
- Short Title(s) as Introduced
- Stop Subsidizing Multimillion Dollar Corporate Bonuses Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jul 25, 2019Introduced in Senate
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.
