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H.R. 1979 117th Congress House

Tax Excessive CEO Pay Act of 2021

Official title: To amend the Internal Revenue Code of 1986 to impose a corporate tax rate increase on companies whose ratio of compensation of the CEO or other highest paid em… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to impose a corporate tax rate increase on companies whose ratio of compensation of the CEO or other highest paid employee to median worker compensation is more than 50 to 1, and for other purposes.

Introduced: March 17, 2021 See on congress.gov
Taxation Administrative law and regulatory proceduresCorporate finance and managementDepartment of the TreasuryIncome tax ratesWages and earnings
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Mar 17, 2021
Referred to the House Committee on Ways and Means.
Mar 17, 2021
Introduced in House
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 Latest action March 17, 2021

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Tax Excessive CEO Pay Act of 2021

This bill increases the current 21% income tax rate of corporations whose ratio of compensation of their principal executive officers or other highest compensated employees to median worker compensation is more than 50 to 1, in which case the increase is 0.5%. The pay ratio disparity extends from 100 to 1 to 500 to 1, in which case the increase is 5%. The bill exempts from such increase certain corporations based upon their average annual gross receipts.

 Related & companion bills 1
  • S 794 Identical bill Tax Excessive CEO Pay Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 20
All 20 Democratic 16
Newman, Marie
· Aug 6, 2021
 D
Cohen, Steve
Tennessee · Mar 26, 2021
Bush, Cori
· Mar 17, 2021
 D
Espaillat, Adriano
New York · Mar 17, 2021
 D
García, Jesús G. "Chuy"
Illinois · Mar 17, 2021
HASTINGS, ALCEE
· Mar 17, 2021
 D
Huffman, Jared
California · Mar 17, 2021
 D
Jayapal, Pramila
Washington · Mar 17, 2021
Jones, Mondaire
· Mar 17, 2021
 D
Khanna, Ro
California · Mar 17, 2021
 D
Lynch, Stephen F.
Massachusetts · Mar 17, 2021
 D
McGovern, James P.
Massachusetts · Mar 17, 2021
 D
Norton, Eleanor Holmes
District of Columbia · Mar 17, 2021
 D
Ocasio-Cortez, Alexandria
New York · Mar 17, 2021
 D
Omar, Ilhan
Minnesota · Mar 17, 2021
 D
Pressley, Ayanna
Massachusetts · Mar 17, 2021
 D
Schakowsky, Janice D.
Illinois · Mar 17, 2021
 D
Takano, Mark
California · Mar 17, 2021
 D
Tlaib, Rashida
Michigan · Mar 17, 2021
 D
Watson Coleman, Bonnie
New Jersey · Mar 17, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1979: Tax Excessive CEO Pay Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-1979/
MLA
"H.R. 1979: Tax Excessive CEO Pay Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-1979/.
Bluebook (legal)
H.R. 1979, 117th Cong. (2026), https://openamerica.io/bill/117-HR-1979/.
Markdown link
[H.R. 1979: Tax Excessive CEO Pay Act of 2021](https://openamerica.io/bill/117-HR-1979/)
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