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- S.1476
S.1476: Stop Subsidizing Multimillion Dollar Corporate Bonuses Act
About This Bill
- Introduced Aug. 1, 2013
- Latest Major Action Aug. 1, 2013
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
10 (9 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 |
---|---|
Aug. 1, 2013 |
Read twice and referred to the Committee on Finance.
|
Aug. 1, 2013 |
Introduced in the Senate by Jack Reed (D-R.I.) |