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United States · Bill · HR

H.R. 5088 (107th)

Executive Accountability Act of 2002

referredUnited States· United States Congress· EN

Introduced

10 July 2002

Last action

10 July 2002 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Matsui, Robert T. [D-CA-5], Rep. Gephardt, Richard A. [D-MO-3], Rep. Pelosi, Nancy [D-CA-11], Rep. Rangel, Charles B. [D-NY-15], Rep. Neal, Richard E. [D-MA-1], Rep. Doggett, Lloyd [D-TX-37], Rep. Frank, Barney [D-MA-4], Sen. Brown, Sherrod [D-OH], Rep. Baldacci, John Elias [D-ME-2], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. McKinney, Cynthia A. [D-GA-4], Rep. Johnson, Eddie Bernice [D-TX-30], Rep. McDermott, Jim [D-WA-7], Rep. Becerra, Xavier [D-CA-34], Rep. Pastor, Ed [D-AZ-4], Rep. Stark, Fortney Pete [D-CA-13], Rep. Waxman, Henry A. [D-CA-33], Rep. Larsen, Rick [D-WA-2]

Subjects

Taxation

Source updated

19 August 2025

Taxation

Summary

Executive Accountability Act of 2002 - Amends the Internal Revenue Code to negate, in specified cases, the performance-based compensation exception to the $1,000,000 limitation on deductible compensation paid by publicly held corporations. Includes in gross income funded deferred compensation of a corporate insider if the insider's corporation funds its defined contribution plan with employer stock, with specified exceptions. Includes in gross income the net unrealized built-in gain on options held by a corporate insider to acquire stock in an expatriate corporation or in any member of an expanded affiliated group which includes such corporation. Applies the golden parachute excise tax to certain cases of deferred compensation paid by a corporation to a corporate insider after such individual has left the firm if the stock value of the corporation has recently suffered a major decline or the corporation has recently declared bankruptcy.

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

Timeline

  1. 10 July 2002

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 10 July 2002

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 10 July 2002

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 10 July 2002

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 10 July 2002

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 10 July 2002

    Open at official source

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Sponsors

Related records

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Sources

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