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H.R. 324 118th 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: January 12, 2023 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 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Jan 12, 2023
Referred to the House Committee on Ways and Means.
Jan 12, 2023
Introduced in House
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 Latest action January 12, 2023

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 3155 Stop Subsidizing Multimillion Dollar Corporate Bonuses Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 28
All 28 Democratic 23
D
Deluzio, Christopher R.
Pennsylvania · Jun 13, 2024
 D
García, Jesús G. "Chuy"
Illinois · Apr 10, 2024
 D
Magaziner, Seth
Rhode Island · Apr 10, 2024
 D
Salinas, Andrea
Oregon · Apr 10, 2024
 D
Stansbury, Melanie A.
New Mexico · Apr 10, 2024
 D
Tokuda, Jill N.
Hawaii · Apr 10, 2024
 D
Johnson, Henry C. "Hank"
Georgia · Mar 12, 2024
 D
Lee, Summer L.
Pennsylvania · Mar 12, 2024
 D
Norton, Eleanor Holmes
District of Columbia · Mar 12, 2024
 D
Takano, Mark
California · Mar 12, 2024
 D
Tlaib, Rashida
Michigan · Mar 12, 2024
Porter, Katie
· Jan 30, 2024
 D
Casar, Greg
Texas · Feb 14, 2023
Bowman, Jamaal
· Feb 9, 2023
 D
Raskin, Jamie
Maryland · Feb 9, 2023
Wild, Susan
· Feb 9, 2023
Blumenauer, Earl
· Jan 12, 2023
 D
Chu, Judy
California · Jan 12, 2023
Cicilline, David
· Jan 12, 2023
 D
Cohen, Steve
Tennessee · Jan 12, 2023
 D
DeLauro, Rosa L.
Connecticut · Jan 12, 2023
 D
DeSaulnier, Mark
California · Jan 12, 2023
 D
Espaillat, Adriano
New York · Jan 12, 2023
 D
Garamendi, John
California · Jan 12, 2023
 D
Moore, Gwen
Wisconsin · Jan 12, 2023
 D
Pocan, Mark
Wisconsin · Jan 12, 2023
 D
Schakowsky, Janice D.
Illinois · Jan 12, 2023
 D
Watson Coleman, Bonnie
New Jersey · Jan 12, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 324: Stop Subsidizing Multimillion Dollar Corporate Bonuses Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-324/
MLA
"H.R. 324: Stop Subsidizing Multimillion Dollar Corporate Bonuses Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-324/.
Bluebook (legal)
H.R. 324, 118th Cong. (2026), https://openamerica.io/bill/118-HR-324/.
Markdown link
[H.R. 324: Stop Subsidizing Multimillion Dollar Corporate Bonuses Act](https://openamerica.io/bill/118-HR-324/)
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