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United States · Bill · HR

H.R. 1979 (117th)

Tax Excessive CEO Pay Act of 2021

referredUnited States· United States Congress· EN

Introduced

17 March 2021

Last action

17 March 2021 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Lee, Barbara [D-CA-12], Rep. Tlaib, Rashida [D-MI-12], Rep. Schakowsky, Janice D. [D-IL-9], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Watson Coleman, Bonnie [D-NJ-12], Rep. Jones, Mondaire [D-NY-17], Rep. Khanna, Ro [D-CA-17], Rep. García, Jesús G. "Chuy" [D-IL-4], Rep. Pressley, Ayanna [D-MA-7], Rep. Takano, Mark [D-CA-39], Rep. Ocasio-Cortez, Alexandria [D-NY-14], Rep. Espaillat, Adriano [D-NY-13], Rep. McGovern, James P. [D-MA-2], Rep. Hastings, Alcee L. [D-FL-20], Rep. Lynch, Stephen F. [D-MA-8], Rep. Omar, Ilhan [D-MN-5], Rep. Jayapal, Pramila [D-WA-7], Rep. Bush, Cori [D-MO-1], Rep. Huffman, Jared [D-CA-2], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Cohen, Steve [D-TN-9], Rep. Bowman, Jamaal [D-NY-16], Marie Newman

Subjects

Taxation

Source updated

5 December 2025

Taxation

Summary

Tax Excessive CEO Pay Act of 2021 This bill increases the current 21% income tax rate of corporations whose ratio of compensation of their principal executive officers or other highest compensated employees to median worker compensation is more than 50 to 1, in which case the increase is 0.5%. The pay ratio disparity extends from 100 to 1 to 500 to 1, in which case the increase is 5%. The bill exempts from such increase certain corporations based upon their average annual gross receipts.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 17 March 2021

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 17 March 2021

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 17 March 2021

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 17 March 2021

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 17 March 2021

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 17 March 2021

    Open at official source

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Sponsors

Related records

Sources

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