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S. 3155 118th 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: October 26, 2023 Introduced by: Jack Reed Democratic · Rhode Island See on congress.gov
Taxation
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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
Oct 26, 2023
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5216)
Oct 26, 2023
Introduced in Senate
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 Latest action October 26, 2023

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5216)

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

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 6 Independent 1
D
Baldwin, Tammy
Wisconsin · Oct 26, 2023
 D
Blumenthal, Richard
Connecticut · Oct 26, 2023
 D
Merkley, Jeff
Oregon · Oct 26, 2023
 I
Sanders, Bernard
Vermont · Oct 26, 2023
 D
Van Hollen, Chris
Maryland · Oct 26, 2023
 D
Warren, Elizabeth
Massachusetts · Oct 26, 2023
 D
Whitehouse, Sheldon
Rhode Island · Oct 26, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3155: Stop Subsidizing Multimillion Dollar Corporate Bonuses Act. 118th Congress. Open America. https://openamerica.io/bill/118-S-3155/
MLA
"S. 3155: Stop Subsidizing Multimillion Dollar Corporate Bonuses Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-3155/.
Bluebook (legal)
S. 3155, 118th Cong. (2026), https://openamerica.io/bill/118-S-3155/.
Markdown link
[S. 3155: Stop Subsidizing Multimillion Dollar Corporate Bonuses Act](https://openamerica.io/bill/118-S-3155/)
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