Stop Subsidizing Multimillion Dollar Corporate Bonuses Act
Sponsor
John Reed
Democrat · RI
Latest Action · May 1, 2025
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2738-2739: 3)
Bill Progress
Cosponsors (8)
Recent Actions
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2738-2739: 3)
Introduced in Senate
What Changes in the Law
4 changes
Sections Amended
Section 162(m) of such Code
read as follows: ``(3) Covered individual
Section 162(m) of Internal Revenue Code of 1986
striking ``Employee''
Section 15(d) of such Act (15 U.S.C. 78o(d)) at any time during the 3-taxable year period ending with such taxable year.''. (c) Regulatory Authority.-- (1) In general.--Section 162(m) of the Internal Revenue Code of 1986
adding at the end the following new paragraph: ``(7) Regulations
Section 162(m) of such Code
striking subparagraph (H)
Committees (1)
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