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RCP Congressional Bill Tracker - H.R. 2103

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

Title: Stop Subsidizing Multimillion Dollar Corporate Bonuses Act

Introduced: Apr 29, 2015 (114th Congress)

Sponsor: (No First Name Found) (No Last Name Found) [-]

Status: Referred to Committee - Referred to the House Committee on Ways and Means.

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.

Votes


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