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- S.2312
S.2312: Equity in Compensation Act
About This Bill
- Introduced July 30, 2019
- Latest Major Action July 30, 2019
Bill Sponsor
Bill Version
- Introduced in Senate - July 30, 2019
Bill Summary
Equity in Compensation Act This bill imposes an additional tax on the income of corporations that have gross revenues in excess of $1 billion and a wage disparity level in excess of 3,000%. A "wage disparity level" is defined as the ratio of the annual salary of the highest compensated officer of the corporation to the median annual salary of all employees of the corporation.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 30, 2019 |
Read twice and referred to the Committee on Finance.
|
| July 30, 2019 |
Introduced in the Senate by Jeff Merkley (D-Ore.) |