Back to all bills
S 1576119th CongressIntroduced
Stop Subsidizing Multimillion Dollar Corporate Bonuses Act
Introduced: Oct 29, 2025
Economy & Taxes
Standard Summary
Comprehensive overview in 1-2 paragraphs
This legislation amends the Internal Revenue Code to prohibit tax deductions for excessive executive compensation by expanding coverage to include past executives and highly compensated officers while modifying definitions for publicly held corporations, aiming to eliminate taxpayer subsidies for multimillion-dollar corporate bonuses starting in 2025.
Key Points
- 1Broadens 'covered individual' definition to encompass former executives and top-paid officers beyond current leadership roles for any year after 2016.
- 2Redefines publicly held corporations to include entities required to file SEC reports within the preceding three-year period.
- 3Authorizes Treasury Secretary to issue regulations preventing tax avoidance through pass-through entities and ensuring compliance with remuneration limits.
Impact Areas
Publicly traded corporations and their subsidiariesCEOs, CFOs, and top compensated executivesFederal corporate tax revenue and budget calculations
Generated by legislative-analysis-ai on Nov 8, 2025