HB6191: Curtailing Executive Overcompensation (CEO) Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend the Internal Revenue Code of 1986 to impose an excise tax on excessively disparate wages paid to chief executive officers.
Plain-language summary
This bill would add a new tax on companies that pay their chief executive officers (CEOs) very high salaries compared to what they pay their average workers. The tax would apply when the gap between CEO and worker pay is deemed excessive, as defined in the bill. It affects large corporations and their compensation practices. The bill was just introduced in Congress and has not yet been assigned to a or voted on.
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HB6191: Curtailing Executive Overcompensation (CEO) Act
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Sponsors
Barbara Lee
Primary SponsorCo-sponsors (11)
Alexandria Ocasio-Cortez
Maxwell Frost
Eleanor Norton
Rashida Tlaib
Sheila Jackson-Lee