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S 2849 116th Congress Senate Taxation Administrative law and regulatory procedures Corporate finance and management Department of the Treasury Income tax rates Wages and earnings

Tax Excessive CEO Pay Act of 2019

Introduced: November 13, 2019 Introduced by: Sanders, Bernard Independent · Vermont See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Nov 13, 2019
Read twice and referred to the Committee on Finance.
Nov 13, 2019
Introduced in Senate
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 Plain-English summary Congressional Research Service

Tax Excessive CEO Pay Act of 2019

This bill requires an increase in the corporate income tax rate based upon the ratio of compensation paid to the corporation's highest paid employee to median worker compensation. The pay ratios range from greater than 50 to 1 (0.5% increase) to greater than 500 to 1 (5% increase). The bill exempts corporations whose average annual gross receipts during a three-year period are less than $100 million from the rate increase.

What's happening now November 13, 2019

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 5066 Identical bill Tax Excessive CEO Pay Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Warren, Elizabeth
Massachusetts · Nov 13, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2849: Tax Excessive CEO Pay Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-2849/
MLA
"S. 2849: Tax Excessive CEO Pay Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-2849/.
Bluebook (legal)
S. 2849, 116th Cong. (2026), https://openamerica.io/bill/116-S-2849/.
Markdown link
[S. 2849: Tax Excessive CEO Pay Act of 2019](https://openamerica.io/bill/116-S-2849/)
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