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Introduced

SB3176: Curtailing Executive Overcompensation (CEO) Act

: Sheldon Whitehouse (D-US) : May 25, 2026 Updated: Nov 1, 2023
Taxation
Bill ProgressIntroduced
  1. 1Introduced (current step)
  2. 2Passed One Chamber
  3. 3Passed Both Chambers
  4. 4Became Law

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Bill information

Summary

A bill 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 excise tax—a special penalty tax on certain transactions—to the Internal Revenue Code targeting companies with extremely large pay gaps between their CEO and workers. The tax would apply when a CEO's compensation is excessively high compared to typical employee wages at that company. The bill was introduced by four Democratic senators and is currently in the early stages of the legislative process. It affects large corporations and their executive compensation structures.

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SB3176: Curtailing Executive Overcompensation (CEO) Act

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