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HR 1801 111th Congress House Taxation Corporate finance and management Financial crises and stabilization Income tax rates Wages and earnings

To amend the Internal Revenue Code of 1986 to impose a 70 percent tax on certain compensation received from certain companies receiving Federal bailout funds.

Introduced: March 30, 2009 Introduced by: Sherman, Brad Democratic · California See on congress.gov
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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
Mar 30, 2009
Referred to the House Committee on Ways and Means.
Mar 30, 2009
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to impose a 70% tax on compensation in excess of $1 million received by an employee from an employer who has received, in the aggregate, economic assistance of more than $500 million under the Troubled Asset Relief Program (TARP) of the Emergency Economic Stabilization Act of 2008 or the Housing and Economic Recovery Act of 2008. Exempts employees who return such compensation to their employer or who receive such compensation as a commissioned sales person.

What's happening now March 30, 2009

Referred to the House Committee on Ways and Means.

 Related & companion bills 8
  • HR 1518 Related bill Bailout Bonus Tax Bracket Act of 2009
  • HR 1527 Related bill To amend the Internal Revenue Code of 1986 to impose a higher rate of tax on bonuses paid by certain businesses owned b…
  • HR 1542 Related bill To amend the Internal Revenue Code of 1986 to impose a 100 percent tax on bonuses paid by businesses that receive TARP …
  • HR 1543 Related bill To amend the Internal Revenue Code of 1986 to impose a tax on bonuses received from companies receiving TARP funds.
  • HR 1572 Related bill Taxpayer Protection Act
  • HR 1586 Related bill FAA Air Transportation Modernization and Safety Improvement Act
  • HR 1598 Related bill AIG Key Executives Bonus Accountability and Capture (TAKE BACK) Act
  • HR 3452 Related bill Recoupment of Wall Street Bonus Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Kaptur, Marcy
Ohio · Mar 30, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1801: To amend the Internal Revenue Code of 1986 to impose a 70 percent tax on certain compensation received from certain companies receiving Federal bailout funds.. 111th Congress. Open America. https://openamerica.io/bill/111-HR-1801/
MLA
"H.R. 1801: To amend the Internal Revenue Code of 1986 to impose a 70 percent tax on certain compensation received from certain companies receiving Federal bailout funds.." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-1801/.
Bluebook (legal)
H.R. 1801, 111th Cong. (2026), https://openamerica.io/bill/111-HR-1801/.
Markdown link
[H.R. 1801: To amend the Internal Revenue Code of 1986 to impose a 70 percent tax on certain compensation received from certain companies receiving Federal bailout funds.](https://openamerica.io/bill/111-HR-1801/)
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