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CEO Accountability and Responsibility Act

USA116th CongressHR-8377| House 
| Updated: 9/24/2020
Mark DeSaulnier

Mark DeSaulnier

Democratic Representative

California

Ways and Means Committee, Oversight and Government Reform Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
CEO Accountability and Responsibility Act This bill amends the Internal Revenue Code to increase the corporate income tax rate for publicly traded corporations that pay their chief executive officers or highest paid employees more than 100 times the median compensation of all their U.S. employees or that increase the number of contracted or foreign employees. The bill also requires an executive agency, in the evaluation of bids or proposals for federal contracts, to give preference to a bidder that has a compensation ratio of highly paid to all employees of less than 50 to 1 in the previous calendar year.
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Timeline
Sep 24, 2020
Introduced in House
Sep 24, 2020
Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • September 24, 2020
    Introduced in House


  • September 24, 2020
    Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Taxation

Business recordsCorporate finance and managementIncome tax ratesPublic contracts and procurementWages and earnings

CEO Accountability and Responsibility Act

USA116th CongressHR-8377| House 
| Updated: 9/24/2020
CEO Accountability and Responsibility Act This bill amends the Internal Revenue Code to increase the corporate income tax rate for publicly traded corporations that pay their chief executive officers or highest paid employees more than 100 times the median compensation of all their U.S. employees or that increase the number of contracted or foreign employees. The bill also requires an executive agency, in the evaluation of bids or proposals for federal contracts, to give preference to a bidder that has a compensation ratio of highly paid to all employees of less than 50 to 1 in the previous calendar year.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Sep 24, 2020
Introduced in House
Sep 24, 2020
Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • September 24, 2020
    Introduced in House


  • September 24, 2020
    Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Mark DeSaulnier

Mark DeSaulnier

Democratic Representative

California

Ways and Means Committee, Oversight and Government Reform Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business recordsCorporate finance and managementIncome tax ratesPublic contracts and procurementWages and earnings