HR 324 · 118th Congress 2023–2025, ended

Stop Subsidizing Multimillion Dollar Corporate Bonuses Act

Introduced Jan 12, 2023 Originated House Sponsor Lloyd Doggett D-TX

Fact sheet

Latest action · Jan 12, 2023 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 12, 2023
  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 extends the $1 million limit on the deductibility of executive compensation to all employees of publicly traded corporations.

Cosponsors 29

Members who signed on, in the order they did. Signatures ran from Jan 12, 2023 to Jun 13, 2024, with 13 there on the day it was introduced.

SeatCosponsorSigned on
D-NYAdriano EspaillatOriginalJan 12, 2023
D-NJBonnie Watson ColemanOriginalJan 12, 2023
D-RIDavid N. CicillineOriginalJan 12, 2023
D-OREarl BlumenauerOriginalJan 12, 2023
D-WIGwen MooreOriginalJan 12, 2023
D-ILJanice D. SchakowskyOriginalJan 12, 2023
D-CAJohn GaramendiOriginalJan 12, 2023
D-CAJudy ChuOriginalJan 12, 2023
D-CAMark DeSaulnierOriginalJan 12, 2023
D-WIMark PocanOriginalJan 12, 2023
D-AZRaúl M. GrijalvaOriginalJan 12, 2023
D-CTRosa L. DeLauroOriginalJan 12, 2023
D-TNSteve CohenOriginalJan 12, 2023
D-NYJamaal BowmanFeb 9, 2023
D-MDJamie RaskinFeb 9, 2023
Show all 29 cosponsors

Actions 2

Everything that happened, newest first.

  1. Jan 12, 2023Introduced in House
  2. Jan 12, 2023Referred 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 3155Stop Subsidizing Multimillion Dollar Corporate Bonuses ActRelated billOct 26, 2023

Subjects

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

Text 1

Each version as it was printed, newest first.

  1. Jan 12, 2023Introduced 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.