Curtailing Executive Overcompensation (CEO) Act

Summary

Curtailing Executive Overcompensation (CEO) Act This bill imposes an excise tax on employers (i.e., business entities) that have at least a 50 to 1 disparity between the wages (including bonuses, stock awards and options) of chief executive officers and the wages paid to their workers. The bill applies to employers that have not less than $100 million in annual gross receipts and $10 million in payroll over a 3 year period. The bill limits such tax to 1% of an employer's gross receipts.

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Timeline

1. 2 November 2023

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 2 November 2023

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 November 2023

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 2 November 2023 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 2 November 2023

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 2 November 2023

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 2 November 2023

  Open at official source

Sponsors

• Barbara Lee · D · Sponsor
• Alexandria Ocasio-Cortez · D · Sponsor
• Rep. Frost, Maxwell [D-FL-10] · D · Sponsor
• Del. Norton, Eleanor Holmes [D-DC-At Large] · D · Sponsor
• Rep. Tlaib, Rashida [D-MI-12] · D · Sponsor
• Sheila Jackson Lee · D · Sponsor
• Rep. Jayapal, Pramila [D-WA-7] · D · Sponsor
• Jamaal Bowman · D · Sponsor
• Rep. Pocan, Mark [D-WI-2] · D · Cosponsor
• Zoe Lofgren · D · Cosponsor
• Rep. Schakowsky, Janice D. [D-IL-9] · D · Cosponsor
• Rep. Hoyle, Val T. [D-OR-4] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → Curtailing Executive Overcompensation (CEO) Act