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S 1843 115th Congress Senate

Stop CEO Excessive Pay Act

Official title: A bill to amend the Internal Revenue Code of 1986 to deny a deduction for excessive compensation of any employee of an employer, and for other purposes.

Introduced: September 19, 2017 Introduced by: Gillibrand, Kirsten E. Democratic · New York See on congress.gov
Taxation Business expensesBusiness recordsCorporate finance and managementEmployee benefits and pensions
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Income tax deductionsSecuritiesWages and earnings
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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
Sep 19, 2017
Read twice and referred to the Committee on Finance.
Sep 19, 2017
Introduced in Senate
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 Latest action September 19, 2017

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Stop CEO Excessive Pay Act

The bill amends the Internal Revenue Code, with respect to the deduction for trade or business expenses, to prohibit a deduction for excessive compensation for any employee of the taxpayer.

"Excessive compensation" is the amount by which the compensation for services performed by an employee during the year exceeds the lesser of: (1) the median of the compensation paid for services performed by all employees of the taxpayer during the taxable year, multiplied by 25; or (2) $1 million.

The bill amends the Securities Exchange Act of 1934 to: (1) prohibit an issuer from paying excessive compensation to an employee unless the compensation is approved by at least 50% of the shareholders, and (2) impose monetary penalties on issuers that violate the requirement. The bill also prohibits tax deductions for penalties paid to the Securities and Exchange Commission pursuant to this bill.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Durbin, Richard J.
Illinois · Sep 19, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1843: Stop CEO Excessive Pay Act. 115th Congress. Open America. https://openamerica.io/bill/115-S-1843/
MLA
"S. 1843: Stop CEO Excessive Pay Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-1843/.
Bluebook (legal)
S. 1843, 115th Cong. (2026), https://openamerica.io/bill/115-S-1843/.
Markdown link
[S. 1843: Stop CEO Excessive Pay Act](https://openamerica.io/bill/115-S-1843/)
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