US Congress House Bill 3970 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 26-0)
Status: Introduced on January 29 2014 - 25% progression, died in committee
Action: 2014-01-29 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

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 (SEC) to register securities and provide periodic reports to their investors.

Stop Subsidizing Multimillion Dollar Corporate Bonuses Act

Rep. Lloyd Doggett [D-TX]	Rep. Robert Brady [D-PA]	Rep. David Cicilline [D-RI]	Rep. Rosa DeLauro [D-CT]
Rep. John Dingell [D-MI]	Rep. Keith Ellison [D-MN]	Rep. Raul Grijalva [D-AZ]	Rep. Jared Huffman [D-CA]
Rep. Barbara Lee [D-CA]	Rep. Daniel Lipinski [D-IL]	Rep. Jim McDermott [D-WA]	Rep. James McGovern [D-MA]
Rep. George Miller [D-CA]	Rep. Eleanor Norton [D-DC]	Rep. Bill Pascrell [D-NJ]	Rep. Mark Pocan [D-WI]
Rep. Charles Rangel [D-NY]	Rep. Bobby Rush [D-IL]	Rep. Janice Schakowsky [D-IL]	Rep. Carol Shea-Porter [D-NH]
Rep. Louise Slaughter [D-NY]	Rep. Niki Tsongas [D-MA]	Sen. Chris Van Hollen [D-MD]	Rep. Nydia Velazquez [D-NY]
Rep. Peter Visclosky [D-IN]	Sen. Peter Welch [D-VT]

Date	Chamber	Action
2014-01-29	House	Referred to the House Committee on Ways and Means.

SB1476 (Same As) 2013-08-01 - Read twice and referred to the Committee on Finance.
SB2162 (Related) 2014-03-26 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/3970/all-info
Text	https://www.congress.gov/113/bills/hr3970/BILLS-113hr3970ih.pdf