Stop Subsidizing Multimillion Dollar Corporate Bonuses Act

Hozzl · 2025-05-15T03:59:24Z

Explore the details of Senate Bill 1576 Stop Subsidizing Multimillion Dollar Corporate Bonuses Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

5/15/2025, 3:59 AM

Summary of Bill S 1576

The bill introduced in the 119th Congress with the title "A bill to amend the Internal Revenue Code of 1986 to expand the denial of deduction for certain excessive employee remuneration, and for other purposes" aims to make amendments to the Internal Revenue Code related to the denial of deduction for excessive employee remuneration. The specific provisions, findings, or directives within the bill are not provided in the context.

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Current Status of Bill S 1576

Bill S 1576 is currently in the status of Bill Introduced since May 1, 2025. Bill S 1576 was introduced during Congress 119 and was introduced to the Senate on May 1, 2025. Bill S 1576's most recent activity was Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2738-2739: 3) as of May 1, 2025

Bipartisan Support of Bill S 1576

Total Number of Sponsors

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Total Number of Cosponsors

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Policy Area and Potential Impact of Bill S 1576

Primary Policy Focus

Alternate Title(s) of Bill S 1576

A bill to amend the Internal Revenue Code of 1986 to expand the denial of deduction for certain excessive employee remuneration, and for other purposes.