CEO Accountability and Responsibility Act
- Last Action
- 3/1/2023
Actions
- 2023-03-01Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Accountability, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2023-03-01Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Accountability, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2023-03-01Introduced in House
- 2023-03-01Introduced in House
CRS Summary
As of 2023-03-01 (00)
CEO Accountability and Responsibility Act
This bill increases the corporate income tax rate for publicly traded corporations that pay their chief executive officers or highest paid employees more than 100 times the median compensation of all their U.S. employees or that increase the number of contracted or foreign employees.
The bill also requires an executive agency, in the evaluation of bids or proposals for federal contracts, to give preference to a bidder that has a compensation ratio of highly paid to all employees of less than 50 to 1 in the previous calendar year.
Cosponsors (7)
- Jared Huffman (D-CA)
- ELEANOR NORTON (D-DC)
- BARBARA LEE (D-CA)
- Jill Tokuda (D-HI)
- Jesus Garcia (D-IL)
- Steve Cohen (D-TN)
- Janice Schakowsky (D-IL)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.