US Congress House Bill 1801 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on March 30 2009 - 25% progression, died in committee
Action: 2009-03-30 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Amends the Internal Revenue Code to impose a 70% tax on compensation in excess of $1 million received by an employee from an employer who has received, in the aggregate, economic assistance of more than $500 million under the Troubled Asset Relief Program (TARP) of the Emergency Economic Stabilization Act of 2008 or the Housing and Economic Recovery Act of 2008. Exempts employees who return such compensation to their employer or who receive such compensation as a commissioned sales person.

To amend the Internal Revenue Code of 1986 to impose a 70 percent tax on certain compensation received from certain companies receiving Federal bailout funds.

Rep. Peter DeFazio [D-OR]	Rep. Bob Filner [D-CA]	Rep. Marcy Kaptur [D-OH]	Rep. Dennis Kucinich [D-OH]
Rep. Brad Sherman [D-CA]

Date	Chamber	Action
2009-03-30		Referred to the House Committee on Ways and Means.

HB1518 (Related) 2009-03-16 - Referred to the House Committee on Ways and Means.
HB1527 (Related) 2009-03-16 - Referred to the House Committee on Ways and Means.
HB1542 (Related) 2009-03-17 - Referred to the House Committee on Ways and Means.
HB1543 (Related) 2009-03-17 - Referred to the House Committee on Ways and Means.
HB1572 (Related) 2009-03-17 - Referred to the House Committee on Ways and Means.
HB1586 (Related) 2010-08-10 - Became Public Law No: 111-226.
HB1598 (Related) 2009-03-18 - Referred to the House Committee on Ways and Means.
HB3452 (Related) 2009-07-31 - Referred to House Financial Services

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/1801/all-info
Text	https://www.congress.gov/111/bills/hr1801/BILLS-111hr1801ih.pdf