United States · Bill · HR
H.R. 5432 (107th)
To amend the Internal Revenue Code of 1986 to require the same holding period for company stock acquired upon exercise of options as is applicable to company stock in its 401(k) plan, to require disclosure to shareholders of the amount of corporate perks provided to retired executives, and to provide parity for secured retirement benefits between the rank and file and executives.
Introduced
24 September 2002
Last action
24 September 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. Rangel, Charles B. [D-NY-15], Rep. Miller, George [D-CA-11], Rep. Stark, Fortney Pete [D-CA-13], Rep. Coyne, William J. [D-PA-14], Rep. McDermott, Jim [D-WA-7], Rep. Neal, Richard E. [D-MA-1], Rep. Doggett, Lloyd [D-TX-37], Rep. Lofgren, Zoe [D-CA-18], Rep. Jefferson, William J. [D-LA-2], Rep. Thurman, Karen L. [D-FL-5], Rep. Lipinski, William O. [D-IL-3], Rep. Berman, Howard L. [D-CA-28]
Subjects
Taxation
Source updated
2 January 2025
Summary
Amends the Internal Revenue Code to: (1) increase, for a corporate insider, the applicable tax by 50 percent of the amount realized by such insider from the disqualified disposition of stock (a sale violating specified restrictions) acquired by such corporate insider upon the exercise of a stock option granted by the corporation; (2) increase, for a publicly traded corporation, the applicable tax by 50 percent of the net cost to the corporation of personal perks provided to a retired executive of the corporation; and (3) include in the gross income of a corporate insider funded deferred compensation.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
24 September 2002
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
24 September 2002
Introduced
Introduced in House
Source: IntroReferral
24 September 2002
Introduced
Introduced in House
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in House · 24 September 2002 · Download file
Documents
3 official files
Introduced in House (text)
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Introduced in House (text)
Introduced in House · EN · 24 September 2002
Introduced in House (PDF)
Introduced in House · EN · 24 September 2002
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Introduced in House
summary · EN · 24 September 2002
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Matsui, Robert T. [D-CA-5] · D · Sponsor
- Rep. Gephardt, Richard A. [D-MO-3] · D · Sponsor
- Rep. Rangel, Charles B. [D-NY-15] · D · Sponsor
- Rep. Miller, George [D-CA-11] · D · Sponsor
- Rep. Stark, Fortney Pete [D-CA-13] · D · Sponsor
- Rep. Coyne, William J. [D-PA-14] · D · Sponsor
- Rep. McDermott, Jim [D-WA-7] · D · Sponsor
- Rep. Neal, Richard E. [D-MA-1] · D · Sponsor
- Rep. Doggett, Lloyd [D-TX-37] · D · Sponsor
- Rep. Lofgren, Zoe [D-CA-18] · D · Sponsor
- Rep. Jefferson, William J. [D-LA-2] · D · Sponsor
- Rep. Thurman, Karen L. [D-FL-5] · D · Cosponsor
- Rep. Lipinski, William O. [D-IL-3] · D · Cosponsor
- Rep. Berman, Howard L. [D-CA-28] · D · Cosponsor
- · hswm00 · Standing
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/107th-congress/house-bill/5432
- Open data entity: https://api.congress.gov/v3/bill/107/hr/5432
- us · 107-hr-5432 · source updated 2 January 2025