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Stop Subsidizing Multimillion Dollar Corporate Bonuses Act
5/10/2025, 4:53 AM
Summary of Bill HR 3140
The bill titled "To amend the Internal Revenue Code of 1986 to expand the denial of deduction for certain excessive employee remuneration, and for other purposes" was introduced in the 119th Congress as H.R. 3140 on May 1, 2025. It aims to modify the Internal Revenue Code to broaden the disallowance of deductions for specified high employee salaries and includes additional objectives beyond this amendment.
Read the Full Bill
Current Status of Bill HR 3140
Bill HR 3140 is currently in the status of Bill Introduced since May 1, 2025. Bill HR 3140 was introduced during Congress 119 and was introduced to the House on May 1, 2025. Bill HR 3140's most recent activity was Referred to the House Committee on Ways and Means. as of May 1, 2025
Bipartisan Support of Bill HR 3140
Total Number of Sponsors
2Democrat Sponsors
2Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
21Democrat Cosponsors
21Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 3140
Primary Policy Focus
Alternate Title(s) of Bill HR 3140
To amend the Internal Revenue Code of 1986 to expand the denial of deduction for certain excessive employee remuneration, and for other purposes.
To amend the Internal Revenue Code of 1986 to expand the denial of deduction for certain excessive employee remuneration, and for other purposes.
Comments
Sponsors and Cosponsors of HR 3140
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