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HR 8669 116th Congress House Taxation Corporate finance and management Elementary and secondary education Food assistance and relief Low- and moderate-income housing Medicaid Sales and excise taxes Tax-exempt organizations Temporary and part-time employment Wages and earnings

Corporate Responsibility and Taxpayer Protection Act of 2020

Introduced: October 23, 2020 Introduced by: Khanna, Ro Democratic · California See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 23, 2020
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Oct 23, 2020
Introduced in House
 Plain-English summary Congressional Research Service

Corporate Responsibility and Taxpayer Protection Act of 2020

This bill imposes an excise tax on large employers (at least 500 full-time employees in the preceding calendar year) for qualified federal benefits received by their employees. The bill defines qualified federal benefits to include food stamps, school lunches, section 8 housing subsidies, and Medicaid benefits.

The bill exempts employers that pay their employees $15 per hour and have less than $100 million in assets.

What's happening now October 23, 2020

Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Committees of jurisdiction 2