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H.R. 1979: Tax Excessive CEO Pay Act of 2021

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H.R. 1979: Tax Excessive CEO Pay Act of 2021

117th Congress · introduced 2021-03-17 · Taxation · Latest: Referred to the House Committee on Ways and Means.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2021-03-17 · official record
  2. Who proposed it: Rep. Lee, Barbara [D-CA-13] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the House Committee on Ways and Means. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Tax Excessive CEO Pay Act of 2021

Plain summary

Tax Excessive CEO Pay Act of 2021 This bill increases the current 21% income tax rate of corporations whose ratio of compensation of their principal executive officers or other highest compensated employees to median worker compensation is more than 50 to 1, in which case the increase is 0.5%. The pay ratio disparity extends from 100 to 1 to 500 to 1, in which case the increase is 5%. The bill exempts from such increase certain corporations based upon their average annual gross receipts.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Tax Excessive CEO Pay Act of 2021

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Lee, Barbara [D-CA-13] · 22 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Rashida Tlaib (D-MI), Janice D. Schakowsky (D-IL), Eleanor Holmes Norton (D-DC), Bonnie Watson Coleman (D-NJ), Ro Khanna (D-CA), Jesús G. "Chuy" García (D-IL), Ayanna Pressley (D-MA), Mark Takano (D-CA), Alexandria Ocasio-Cortez (D-NY), Adriano Espaillat (D-NY), James P. McGovern (D-MA), Stephen F. Lynch (D-MA), Ilhan Omar (D-MN), Pramila Jayapal (D-WA), Jared Huffman (D-CA), Steve Cohen (D-TN)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong117-hr1979 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117