S 178 · 117th Congress 2021–2023, ended

Stop Subsidizing Multimillion Dollar Corporate Bonuses Act

Introduced Feb 2, 2021 Originated Senate Sponsor Jack Reed D-RI

Fact sheet

Latest action · Feb 2, 2021 Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S251)

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.

IntroducedFeb 2, 2021
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 Feb 2, 2021.

Seat	Cosponsor		Signed on
D-MD	Chris Van Hollen	Original	Feb 2, 2021
D-MA	Elizabeth Warren	Original	Feb 2, 2021
D-OR	Jeff Merkley	Original	Feb 2, 2021
D-CT	Richard Blumenthal	Original	Feb 2, 2021
D-RI	Sheldon Whitehouse	Original	Feb 2, 2021
D-OH	Sherrod Brown	Original	Feb 2, 2021
D-WI	Tammy Baldwin	Original	Feb 2, 2021

Actions 2

Everything that happened, newest first.

Feb 2, 2021Introduced in Senate
Feb 2, 2021Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S251)

Related bills 1

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

Bill	Title	Relationship	Latest action
HR 697	Stop Subsidizing Multimillion Dollar Corporate Bonuses Act	Identical bill	Feb 2, 2021

Subjects

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

Text 1

Each version as it was printed, newest first.

Feb 2, 2021Introduced in Senate

Support LegiList

This page is free, carries no paywall, and is built and maintained by one person. If the record here is useful to you, a few dollars keeps it going.

$1 $5 $10

Processed by Stripe in a separate window. LegiList never sees card details.

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.