HR 6191
Curtailing Executive Overcompensation (CEO) Act
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- Passed House
- Passed Senate
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- Became Law
Bill overview
This bill, the Curtailing Executive Overcompensation (CEO) Act, proposes a new tax on companies with significant pay disparities between their CEOs and other employees. Specifically, it imposes an excise tax of either 1% of gross receipts or 1% of the difference between CEO compensation and worker wages, but only on employers meeting certain financial thresholds – at least $100 million in gross receipts and $10 million in payroll over three years. The tax is designed to address excessive executive compensation relative to worker pay, with adjustments for inflation.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Barbara Lee
Cosponsors
Eleanor Holmes [D-DC-At Large] Norton
Jamaal Bowman
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