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HR 5088 107th Congress House Taxation Affiliated corporations Annuities Bankruptcy Business income tax Commerce Corporate collapse Corporate governance Corporate mergers Corporation directors Corporation taxes Debtor and creditor Defined contribution plans Employee ownership Employee stock options Excise tax Executive compensation Executives Finance and Financial Sector Foreign Trade and International Finance

Executive Accountability Act of 2002

Introduced: July 10, 2002 See on congress.gov
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 10, 2002
Referred to the House Committee on Ways and Means.
Jul 10, 2002
Introduced in House
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 Plain-English summary Congressional Research Service
Executive Accountability Act of 2002 - Amends the Internal Revenue Code to negate, in specified cases, the performance-based compensation exception to the $1,000,000 limitation on deductible compensation paid by publicly held corporations.

Includes in gross income funded deferred compensation of a corporate insider if the insider's corporation funds its defined contribution plan with employer stock, with specified exceptions.

Includes in gross income the net unrealized built-in gain on options held by a corporate insider to acquire stock in an expatriate corporation or in any member of an expanded affiliated group which includes such corporation.

Applies the golden parachute excise tax to certain cases of deferred compensation paid by a corporation to a corporate insider after such individual has left the firm if the stock value of the corporation has recently suffered a major decline or the corporation has recently declared bankruptcy.

What's happening now July 10, 2002

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 5
D
Larsen, Rick
Washington · Oct 17, 2002
 D
Norton, Eleanor Holmes
District of Columbia · Jul 23, 2002
 D
Doggett, Lloyd
Texas · Jul 10, 2002
 D
Neal, Richard E.
Massachusetts · Jul 10, 2002
 D
Pelosi, Nancy
California · Jul 10, 2002
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5088: Executive Accountability Act of 2002. 107th Congress. Open America. https://openamerica.io/bill/107-HR-5088/
MLA
"H.R. 5088: Executive Accountability Act of 2002." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-5088/.
Bluebook (legal)
H.R. 5088, 107th Cong. (2026), https://openamerica.io/bill/107-HR-5088/.
Markdown link
[H.R. 5088: Executive Accountability Act of 2002](https://openamerica.io/bill/107-HR-5088/)
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