US HB3970 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 36-0)
Status: Introduced on July 25 2019 - 25% progression, died in committee
Action: 2019-07-25 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 25 2019 - 25% progression, died in committee
Action: 2019-07-25 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Extends the $1 million limit on the deductibility of executive compensation to all employees of publicly traded corporations.
Title
Stop Subsidizing Multimillion Dollar Corporate Bonuses Act
Sponsors
| Rep. Lloyd Doggett [D-TX] | Rep. Earl Blumenauer [D-OR] | Rep. Matthew Cartwright [D-PA] | Rep. Judy Chu [D-CA] |
| Rep. Peter DeFazio [D-OR] | Rep. Rosa DeLauro [D-CT] | Rep. Mark DeSaulnier [D-CA] | Rep. Adriano Espaillat [D-NY] |
| Rep. John Garamendi [D-CA] | Rep. Raul Grijalva [D-AZ] | Rep. Brian Higgins [D-NY] | Rep. Henry Johnson [D-GA] |
| Rep. Marcy Kaptur [D-OH] | Rep. Ro Khanna [D-CA] | Rep. Barbara Lee [D-CA] | Rep. Ted Lieu [D-CA] |
| Rep. David Loebsack [D-IA] | Rep. James McGovern [D-MA] | Rep. Gwen Moore [D-WI] | Rep. Grace Napolitano [D-CA] |
| Rep. Eleanor Norton [D-DC] | Rep. Jamie Raskin [D-MD] | Rep. Bobby Rush [D-IL] | Rep. Janice Schakowsky [D-IL] |
| Rep. Mark Takano [D-CA] | Rep. Bonnie Coleman [D-NJ] | Rep. Bill Pascrell [D-NJ] | Rep. Mark Pocan [D-WI] |
| Rep. David Cicilline [D-RI] | Rep. Don Beyer [D-VA] | Rep. David Price [D-NC] | Rep. Alan Lowenthal [D-CA] |
| Rep. Jose Serrano [D-NY] | Rep. Peter Visclosky [D-IN] | Rep. Lucille Roybal-Allard [D-CA] | Rep. Alexandria Ocasio-Cortez [D-NY] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-07-25 | House | Referred to the House Committee on Ways and Means. |
| 2019-07-25 | House | Introduced in House |
Same As/Similar To
SB2268 (Same As) 2019-07-25 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5110)
Subjects
Administrative law and regulatory procedures
Business expenses
Corporate finance and management
Department of the Treasury
Income tax deductions
Taxation
Wages and earnings
Business expenses
Corporate finance and management
Department of the Treasury
Income tax deductions
Taxation
Wages and earnings
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/3970/all-info |
| Text | https://www.congress.gov/116/bills/hr3970/BILLS-116hr3970ih.pdf |
