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S. 794 117th Congress Senate

Tax Excessive CEO Pay Act of 2021

Official title: A bill 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 … Show full official titleShow less

Official title: A bill 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 Introduced by: Bernard Sanders Independent · Vermont 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
Read twice and referred to the Committee on Finance.
Mar 17, 2021
Introduced in Senate
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 Latest action March 17, 2021

Read twice and referred to the Committee on Finance.

 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
  • HR 1979 Identical bill Tax Excessive CEO Pay Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3
D
Markey, Edward J.
Massachusetts · Mar 17, 2021
 D
Van Hollen, Chris
Maryland · Mar 17, 2021
 D
Warren, Elizabeth
Massachusetts · Mar 17, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 794: Tax Excessive CEO Pay Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-794/
MLA
"S. 794: Tax Excessive CEO Pay Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-794/.
Bluebook (legal)
S. 794, 117th Cong. (2026), https://openamerica.io/bill/117-S-794/.
Markdown link
[S. 794: Tax Excessive CEO Pay Act of 2021](https://openamerica.io/bill/117-S-794/)
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