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.

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.

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Timeline

1. 24 September 2002

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 24 September 2002

   Introduced

   Introduced in House

   Source: IntroReferral

3. 24 September 2002

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

• Introduced in House · 24 September 2002 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 24 September 2002

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 24 September 2002

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 24 September 2002

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

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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

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