To amend the Internal Revenue Code of 1986 to adjust the rate of income tax of a publicly traded corporation based on the ratio of compensation of the corporation’s highest paid employee to the median compensation of all the corporation’s employees, and for other purposes.
Summary
What This Bill Does
The bill provides income tax rate of publicly traded corporations based on compensation ratio Section 11 of the Internal Revenue Code of 1986 is amended by adding at the end the following: (e)Tax rate of publicly traded and requires contracting preference for entities with certain pay ratios Chapter 47 of title 41, United States Code, is amended by inserting after section 4714 the following new section: 4715.Preference for entities. It relies on definition changes, appropriations, tax rate changes, and reporting requirements. The main policy areas are Financial Services and Finance.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk, Regulated entities and members of the public affected by the bill could gain revenue opportunities, and Financial services firms and customers affected by the bill could gain revenue opportunities.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties.
Key Provisions
- Provides income tax rate of publicly traded corporations based on compensation ratio Section 11 of the Internal Revenue Code of 1986 is amended by adding at the end the following: (e)Tax rate of publicly traded...
- Requires contracting preference for entities with certain pay ratios Chapter 47 of title 41, United States Code, is amended by inserting after section 4714 the following new section: 4715.Preference for entities...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill provides income tax rate of publicly traded corporations based on compensation ratio Section 11 of the Internal Revenue Code of 1986 is amended by adding at the end the following: (e)Tax rate of publicly traded and requires contracting preference for entities with certain pay ratios Chapter 47 of title 41, United States Code, is amended by inserting after section 4714 the following new section: 4715.Preference for entities.
Key Policy Areas
Financial Services, Finance
Primary Purpose
The bill provides income tax rate of publicly traded corporations based on compensation ratio Section 11 of the Internal Revenue Code of 1986 is amended by adding at the end the following: (e)Tax rate of publicly traded and requires contracting preference for entities with certain pay ratios Chapter 47 of title 41, United States Code, is amended by inserting after section 4714 the following new section: 4715.Preference for entities.
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
- Regulated entities and members of the public affected by the bill
- Financial services firms and customers affected by the bill
- Businesses and employers affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
Legislative Progress
IntroducedMr. DeSaulnier introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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