118th Congress · SENATE BILLBILL

S. 3155 — Stop Subsidizing Multimillion Dollar Corporate Bonuses Act

“A bill to amend the Internal Revenue Code of 1986 to expand the denial of deduction for certain excessive employee remuneration, and for other purposes.”

Taxation

Introduced Oct 26, 2023

Last action Oct 26, 2023

Pipeline · Bill → Law

Step 1

Introduced

Oct 26, 2023

Step 2

Referred

Oct 26, 2023

Finance

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill extends the $1 million limit on the deductibility of executive compensation to all employees of publicly traded corporations.

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

Oct 26, 2023

Introduced in Senate

Oct 26, 2023

Read twice and referred to the Committee on Finance.