Legislators
Bills
Statements
Lobbying
Travel
- Bills
- H.R.5432
H.R.5432: To amend the Internal Revenue Code of 1986 to require the same holding period for company stock acquired upon exercise of options as is applicable to company stock in its 401(k) plan, to require disclosure to shareholders of the amount of corporate perks provided to retired executives, and to provide parity for secured retirement benefits between the rank and file and executives.
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced Sept. 24, 2002
- Latest Major Action Sept. 24, 2002
Bill Sponsor
Bill Cosponsors
13 (All Democrats)
Bill Summary
Amends the Internal Revenue Code to: (1) increase, for a corporate insider, the applicable tax by 50 percent of the amount realized by such insider from the disqualified disposition of stock (a sale violating specified restrictions) acquired by such corporate insider upon the exercise of a stock option granted by the corporation; (2) increase, for a publicly traded corporation, the applicable tax by 50 percent of the net cost to the...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Referred to the House Committee on Ways and Means.
|
|
Sept. 24, 2002 |
Introduced in the House by Robert T. Matsui (D-Calif.) |