HR3140Referred to Committee

Stop Subsidizing Multimillion Dollar Corporate Bonuses Act

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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% (542 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.

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

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
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