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S 2546 114th Congress Senate Taxation Corporate finance and management Employee benefits and pensions Government lending and loan guarantees Income tax deferral Wages and earnings

No Windfalls for Bailed Out Executives Act

Introduced: February 11, 2016 Introduced by: Whitehouse, Sheldon Democratic · Rhode Island See on congress.gov
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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
Feb 11, 2016
Read twice and referred to the Committee on Finance.
Feb 11, 2016
Introduced in Senate
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 Plain-English summary Congressional Research Service

No Windfalls for Bailed Out Executives Act

This bill amends the Internal Revenue Code to deny deferred compensation to, or to require repayment of deferred compensation received by, key employees, members of the board of directors or other officers of a corporation, or any other employee having annual compensation of more than $1 million during any 36-month period in which their employer receives extraordinary assistance from the federal government. The bill defines "extraordinary governmental assistance" as grants, loans, loan guarantees, or other assistance to an employer that is intended to prevent such employer from becoming imminently insolvent or to cure such insolvency.

What's happening now February 11, 2016

Read twice and referred to the Committee on Finance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Blumenthal, Richard
Connecticut · Feb 11, 2016
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2546: No Windfalls for Bailed Out Executives Act. 114th Congress. Open America. https://openamerica.io/bill/114-S-2546/
MLA
"S. 2546: No Windfalls for Bailed Out Executives Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-2546/.
Bluebook (legal)
S. 2546, 114th Cong. (2026), https://openamerica.io/bill/114-S-2546/.
Markdown link
[S. 2546: No Windfalls for Bailed Out Executives Act](https://openamerica.io/bill/114-S-2546/)
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