Introduced
S. 1576
Introduced in Senate · May 14, 2025May 1, 2025
Mr. Reed (for himself, Mr. Blumenthal, Ms. Baldwin, Ms. Warren, Mr. Merkley, Mr. Van Hollen, Mr. Sanders, and Mr. Whitehouse) introduced the following bill; which was read twice and referred to the Committee on Finance
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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be cited as the “Stop Subsidizing Multimillion Dollar Corporate Bonuses Act”.