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S. 178 117th Congress Senate

Stop Subsidizing Multimillion Dollar Corporate Bonuses Act

Official title: A bill 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: Jack Reed Democratic · Rhode Island 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
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S251)
Feb 2, 2021
Introduced in Senate
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 Latest action February 2, 2021

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S251)

 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
  • HR 697 Identical bill Stop Subsidizing Multimillion Dollar Corporate Bonuses Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 6
D
Baldwin, Tammy
Wisconsin · Feb 2, 2021
 D
Blumenthal, Richard
Connecticut · Feb 2, 2021
 D
Merkley, Jeff
Oregon · Feb 2, 2021
 D
Van Hollen, Chris
Maryland · Feb 2, 2021
 D
Warren, Elizabeth
Massachusetts · Feb 2, 2021
 D
Whitehouse, Sheldon
Rhode Island · Feb 2, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 178: Stop Subsidizing Multimillion Dollar Corporate Bonuses Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-178/
MLA
"S. 178: Stop Subsidizing Multimillion Dollar Corporate Bonuses Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-178/.
Bluebook (legal)
S. 178, 117th Cong. (2026), https://openamerica.io/bill/117-S-178/.
Markdown link
[S. 178: Stop Subsidizing Multimillion Dollar Corporate Bonuses Act](https://openamerica.io/bill/117-S-178/)
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