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HR3140Referred to Committee

Stop Subsidizing Multimillion Dollar Corporate Bonuses Act

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-05-01
Introduced
22
Cosponsors
HR
ⓘ
Type

Sponsor

Lloyd Doggett
Lloyd Doggett
Democrat · TX · Representative
Votes with party: 97.8% (537 recorded votes)

Full profile: /officials/D000399

Source: Congress.gov · FEC

Cosponsors (22)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

  • Adriano Espaillat (D-NY-13)Original· 2025-05-01
  • Andrea Salinas (D-OR-6)Original· 2025-05-01
  • Bonnie Watson Coleman (D-NJ-12)Original· 2025-05-01
  • Christopher R. Deluzio (D-PA-17)Original· 2025-05-01
  • Eleanor Holmes Norton (D-DC)Original· 2025-05-01
  • Greg Casar (D-TX-35)Original· 2025-05-01
  • Gwen Moore (D-WI-4)Original· 2025-05-01
  • Henry C. "Hank" Johnson, Jr. (D-GA-4)Original· 2025-05-01
  • Jamie Raskin (D-MD-8)Original· 2025-05-01
  • Janice D. Schakowsky (D-IL-9)Original· 2025-05-01
  • Jesús G. "Chuy" García (D-IL-4)Original· 2025-05-01
  • Jill N. Tokuda (D-HI-2)Original· 2025-05-01
  • John Garamendi (D-CA-8)Original· 2025-05-01
  • Judy Chu (D-CA-28)Original· 2025-05-01
  • Mark Takano (D-CA-39)Original· 2025-05-01
  • Melanie A. Stansbury (D-NM-1)Original· 2025-05-01
  • Rashida Tlaib (D-MI-12)Original· 2025-05-01
  • Rosa L. DeLauro (D-CT-3)Original· 2025-05-01
  • Seth Magaziner (D-RI-2)Original· 2025-05-01
  • Steve Cohen (D-TN-9)Original· 2025-05-01
  • Summer L. Lee (D-PA-12)Original· 2025-05-01
  • Adelita S. Grijalva (D-AZ-7)· 2026-05-13

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Ways and Means.

2025-05-01

Source: Congress.gov

Committee Activity

Currently in

  • House Committee on Ways and MeansReferred To · 2025-05-01

Plain-English Summary

The proposal would limit tax deductions that large corporations can claim for executive bonuses and compensation packages worth over $1 million per employee. Companies would no longer be able to write off these high-level pay packages as business expenses, effectively making it more expensive for them to award multimillion-dollar bonuses. This change would primarily affect large corporations and their highest-paid executives while potentially increasing federal tax revenue.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Taxation
Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.

  • HR8744TREE Act
    Referred to Committee · 2026-05-12
  • HR8100Safe Staffing Saves Lives Act
    Referred to Committee · 2026-03-26
  • HR7493Stop Corporate Inversions Act of 2026
    Referred to Committee · 2026-02-11
  • HR7095Ending Importation of Laundered Russian Oil Act
    Referred to Committee · 2026-01-15