118th Congress Taxation
S. 3176: Curtailing Executive Overcompensation (CEO) Act
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (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
- Jeff Merkley D-OROriginal
- Elizabeth Warren D-MAOriginal
- Tammy Baldwin D-WI
Who scored on this bill
No member has earned points from it yet.
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History
- Introduced in the Senate by Sheldon Whitehouse.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Finance.