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H.R. 697 117th Congress House

Stop Subsidizing Multimillion Dollar Corporate Bonuses Act

Official title: To amend the Internal Revenue Code of 1986 to expand the denial of deduction for certain excessive employee remuneration, and for other purposes.

Introduced: February 2, 2021 Introduced by: Lloyd Doggett Democratic · Texas See on congress.gov
Taxation Administrative law and regulatory proceduresBusiness expensesCorporate finance and managementDepartment of the Treasury
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Income tax deductionsWages 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
Feb 2, 2021
Referred to the House Committee on Ways and Means.
Feb 2, 2021
Introduced in House
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 Latest action February 2, 2021

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Stop Subsidizing Multimillion Dollar Corporate Bonuses Act

This bill extends the $1 million limit on the deductibility of executive compensation to all employees of publicly traded corporations.

 Related & companion bills 1
  • S 178 Identical bill Stop Subsidizing Multimillion Dollar Corporate Bonuses Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 16
All 16 Democratic 11
D
Pocan, Mark
Wisconsin · Jun 1, 2021
 D
Chu, Judy
California · Apr 14, 2021
 D
Raskin, Jamie
Maryland · Apr 14, 2021
Blumenauer, Earl
· Feb 2, 2021
Cicilline, David
· Feb 2, 2021
 D
Cohen, Steve
Tennessee · Feb 2, 2021
DEFAZIO, PETER
· Feb 2, 2021
 D
DeLauro, Rosa L.
Connecticut · Feb 2, 2021
 D
DeSaulnier, Mark
California · Feb 2, 2021
 D
Espaillat, Adriano
New York · Feb 2, 2021
 D
Garamendi, John
California · Feb 2, 2021
 D
Grijalva, Raúl M.
Arizona · Feb 2, 2021
 D
Moore, Gwen
Wisconsin · Feb 2, 2021
PRICE, DAVID
· Feb 2, 2021
 D
Schakowsky, Janice D.
Illinois · Feb 2, 2021
 D
Watson Coleman, Bonnie
New Jersey · Feb 2, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 697: Stop Subsidizing Multimillion Dollar Corporate Bonuses Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-697/
MLA
"H.R. 697: Stop Subsidizing Multimillion Dollar Corporate Bonuses Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-697/.
Bluebook (legal)
H.R. 697, 117th Cong. (2026), https://openamerica.io/bill/117-HR-697/.
Markdown link
[H.R. 697: Stop Subsidizing Multimillion Dollar Corporate Bonuses Act](https://openamerica.io/bill/117-HR-697/)
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