To amend the Internal Revenue Code of 1986 to expand the denial of deduction for certain excessive employee remuneration, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill requires expansion of denial of deduction for certain excessive employee remuneration Section 162(m) of the Internal Revenue Code of 1986 is amended— by striking applicable employee remuneration each place it appears. It relies on definition changes, tax deductions, reporting requirements, and compliance mandates. The main policy areas are Regulated Industries and Finance.
Who Benefits and How
Financial services firms and customers affected by the bill could gain revenue opportunities and Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties.
Key Provisions
- Requires expansion of denial of deduction for certain excessive employee remuneration Section 162(m) of the Internal Revenue Code of 1986 is amended— by striking applicable employee remuneration each place it appears...
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 requires expansion of denial of deduction for certain excessive employee remuneration Section 162(m) of the Internal Revenue Code of 1986 is amended— by striking applicable employee remuneration each place it appears.
Key Policy Areas
Regulated Industries, Finance
Primary Purpose
The bill requires expansion of denial of deduction for certain excessive employee remuneration Section 162(m) of the Internal Revenue Code of 1986 is amended— by striking applicable employee remuneration each place it appears.
Policy Domains
Whole bill
Identified Gains
- Financial services firms and customers affected by the bill
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
Sponsors
Legislative Progress
IntroducedMr. Doggett (for himself, Mr. Blumenauer, Ms. Chu, Mr. Cicilline, …
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?
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