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- S.1127
S.1127: Stop Subsidizing Multimillion Dollar Corporate Bonuses Act
About This Bill
- Introduced April 29, 2015
- Latest Major Action April 29, 2015
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
9 (8 Democrats, 1 Independent Democrat)
Bill Summary
Stop Subsidizing Multimillion Dollar Corporate Bonuses Act 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...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| April 29, 2015 |
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure:CR S2532)
|
| April 29, 2015 |
Introduced in the Senate by Jack Reed (D-R.I.) |