HR 620 114th Congress House Taxation Corporate finance and management Economic performance and conditions Income tax deductions Inflation and prices Wages and earnings

CEO-Employee Paycheck Fairness Act of 2015

Introduced: January 28, 2015 Introduced by: Van Hollen, Chris Democratic · Maryland See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jan 28, 2015

Referred to the House Committee on Ways and Means.

Jan 28, 2015

Introduced in House

Plain-English summary Congressional Research Service

CEO-Employee Paycheck Fairness Act of 2015

Amends the Internal Revenue Code to deny a publicly held corporation a tax deduction for the payment of performance-based remuneration in excess of $1 million to any of its current or former officers or directors if such corporation does not meet the pay fairness requirement established by this Act. Deems the pay fairness requirement to be satisfied if: (1) the average compensation paid by the employer for all applicable U.S. employees for the taxable year exceeds the inflation and productivity growth adjusted average (i.e., $118,450 in 2015) of such compensation for the preceding taxable year; and (2) the aggregate compensation paid by the employer to or for all applicable employees for the taxable year is not less than the aggregate of such compensation for the preceding taxable year.

What's happening now January 28, 2015

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1