118th Congress Taxation
H.R. 6191: Curtailing Executive Overcompensation (CEO) Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Jamaal Bowman D-NYOriginal
- Maxwell Frost D-FLOriginal
- Sheila Jackson Lee D-TXOriginal
- Pramila Jayapal D-WAOriginal
- Eleanor Norton D-DCOriginal
- Alexandria Ocasio-Cortez D-NYOriginal
- Rashida Tlaib D-MIOriginal
- Mark Pocan D-WI
- Zoe Lofgren D-CA
- Janice Schakowsky D-IL
- Valerie Hoyle D-OR
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History
- Introduced in the House by Barbara Lee.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Ways and Means.