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SB1576Introduced in the Senate

Stop Subsidizing Multimillion Dollar Corporate Bonuses Act

IntroducedSenate Finance

Introduced by Jack Reed, District RI

What does this bill do?

Plain-English breakdown

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Official description

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.

Where it stands

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2738-2739)

May 1, 2025

How did lawmakers vote?

No recorded vote is available for this bill yet.

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Bill history

  1. Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2738-2739)

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