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United States · Bill · HR

H.R. 3970 (113th)

Stop Subsidizing Multimillion Dollar Corporate Bonuses Act

referredUnited States· United States Congress· EN

Introduced

29 January 2014

Last action

29 January 2014 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Doggett, Lloyd [D-TX-37], Rep. Slaughter, Louise McIntosh [D-NY-25], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Cicilline, David N. [D-RI-1], Rep. Shea-Porter, Carol [D-NH-1], Rep. Visclosky, Peter J. [D-IN-1], Rep. Dingell, John D. [D-MI-12], Rep. Huffman, Jared [D-CA-2], Rep. Schakowsky, Janice D. [D-IL-9], Rep. Velázquez, Nydia M. [D-NY-7], Rep. Ellison, Keith [D-MN-5], Rep. Lee, Barbara [D-CA-12], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Miller, George [D-CA-11], ROBERT BRADY, Rep. Tsongas, Niki [D-MA-3], Rep. McDermott, Jim [D-WA-7], Sen. Van Hollen, Chris [D-MD], Rep. McGovern, James P. [D-MA-2], Sen. Welch, Peter [D-VT], Rep. DeLauro, Rosa L. [D-CT-3], Rep. Pascrell, Bill, Jr. [D-NJ-9], Rep. Lipinski, Daniel [D-IL-3], Rep. Rush, Bobby L. [D-IL-1], Rep. Pocan, Mark [D-WI-2], Rep. Rangel, Charles B. [D-NY-15]

Subjects

Taxation

Source updated

5 December 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

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.

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

Timeline

  1. 29 January 2014

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 29 January 2014

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 29 January 2014

    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 · 29 January 2014

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 29 January 2014

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 29 January 2014

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Sponsors

Related records

Sources

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