H.R.2103: Stop Subsidizing Multimillion Dollar Corporate Bonuses Act

About This Bill

  • Introduced April 29, 2015
  • Latest Major Action April 29, 2015

Bill Sponsor

Bill Progress

  • Bill introduced in the House
      
  • Bill passed in the House
      
  • Bill passed in the Senate
      
  • Bill signed into law

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 performance goal; and (3) make such limitation applicable to all publicly-held corporations that are required by the Securities and Exchange Commission to register securities and provide periodic reports to their investors.

(Source: Congressional Research Service)

Bill Actions

Date Description
April 28, 2015 Referred to the House Committee on Ways and Means.
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