,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #cigj  ,,in ,,the ,,house ,,of  
,,representatives  ,january #bi1        
#bjad,mr4 ,doggett introduced the       
following bill2 which was referred to   
the ,committee on ,ways and ,means  ,a  
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to expand the denial of 
deduction for certain excessive employee
 remuneration1 and for other purposes4  
#a4 ,short title ,this ,act may be cited
 as the ,stop ,subsidizing ,multimillion
 ,dollar ,corporate ,bonuses ,act4  #b4 
,expansion of denial of deduction for   
certain excessive employee remuneration 
7a7 ,application to all current and     
former employees  7#a7 ,in general      
,section #afb7m7 of the ,internal       
,revenue ,code of #aihf is amended--    
7,a7 by striking covered employee each  
place it appears in paragraphs 7#a7 and 
7#d7 and inserting covered individual1  
and  7,b7 by striking such employee each
 place it appears in subparagraphs 7,a7 
and 7,g7 of paragraph 7#d7 and inserting

 such individual4  7#b7 ,covered        
individual ,paragraph 7#c7 of section   
#afb7m7 of such ,code is amended to read
 as follows3  7#c7 ,covered individual  
,for purposes of this subsection1 the   
term covered individual means any       
individual who is an officer1 director1 
or employee of the taxpayer or a former 
officer1 director1 or employee of the   
taxpayer4  4  7#c7 ,conforming          
amendments  7,a7 ,section               
#dh;,d7b77#c77;,a7 of such ,code is     
amended by inserting 7as in effect for  
taxable years beginning before ,january 
#a1 #bjad7 after section #afb7m77#c74   
7,b7 ,section #dji;,a7b77#c77;,d77ii7 of
 such ,code is amended by inserting 7as 
in effect for taxable years beginning   
before ,january #a1 #bjad7 after section
 #afb7m77#c74  7b7 ,expansion of        
applicable employee remuneration  7#a7  
,elimination of exception for           
commission-based pay  7,a7 ,in general  
,paragraph 7#d7 of section #afb7m7 of   
such ,code1 as amended by subsection    

7a71 is amended by striking subparagraph
 7,b7 and by redesignating subparagraphs
 7,c7 through 7,g7 as subparagraphs 7,b7
 through 7,f71 respectively4  7,b7      
,conforming amendments  7i7 ,section    
#afb7m77#e7 of such ,code is amended--  
7,i7 by striking subparagraphs 7,b71    
7,c71 and 7,d7 thereof in subparagraph  
7,e7 and inserting subparagraphs 7,b7   
and 7,c7 thereof1 and  7,,ii7 by        
striking subparagraphs 7,f7 and 7,g7 in 
subparagraph 7,g7 and inserting         
subparagraphs 7,e7 and 7,f74  7ii7      
,section #afb7m77#f7 of such ,code is   
amended-- 7,i7 by striking subparagraphs
 7,b71 7,c71 and 7,d7 thereof in        
subparagraph 7,d7 and inserting         
subparagraphs 7,b7 and 7,c7 thereof1 and
  7,,ii7 by striking subparagraphs 7,f7 
and 7,g7 in subparagraph 7,g7 and       
inserting subparagraphs 7,e7 and 7,f74  
7#b7 ,inclusion of performance-based    
compensation  7,a7 ,in general          
,paragraph 7#d7 of section #afb7m7 of   
the ,internal ,revenue ,code of #aihf1  

as amended by subsection 7a7 and        
paragraph 7#a7 of this subsection1 is   
amended by striking subparagraph 7,b7   
and redesignating subparagraphs 7,c7    
through 7,f7 as subparagraphs 7,b7      
through 7,e71 respectively4  7,b7       
,conforming amendments  7i7 ,section    
#afb7m77#e7 of such ,code1 as amended by
 paragraph 7#a71 is amended-- 7,i7 by   
striking subparagraphs 7,b7 and 7,c7    
thereof in subparagraph 7,e7 and        
inserting subparagraph 7,b7 thereof1 and
  7,,ii7 by striking subparagraphs 7,e7 
and 7,f7 in subparagraph 7,g7 and       
inserting subparagraphs 7,d7 and 7,e74  
7ii7 ,section #afb7m77#f7 of such ,code1
 as amended by paragraph 7#a71 is       
amended-- 7,i7 by striking subparagraphs
 7,b7 and 7,c7 thereof in subparagraph  
7,d7 and inserting subparagraph 7,b7    
thereof1 and  7,,ii7 by striking        
subparagraphs 7,e7 and 7,f7 in          
subparagraph 7,g7 and inserting         
subparagraphs 7,d7 and 7,e74  7c7       
,expansion of applicable employer       

,paragraph 7#b7 of section #afb7m7 of   
the ,internal ,revenue ,code of #aihf is
 amended to read as follows3  7#b7      
,publicly held corporation ,for purposes
 of this subsection1 the term publicly  
held corporation means any corporation  
which is an issuer 7as defined in       
section #c of the ,securities ,exchange 
,act of #aicd 7#ae ,u4,s4,c4 #gh;c77--  
7,a7 that has a class of securities     
registered under section #ab of such    
,act 7#ae ,u4,s4,c4 #ghl71 or  7,b7 that
 is required to file reports under      
section #ae7;d7 of such ,act 7#ae       
,u4,s4,c4 #ghj7;d774  4  7d7 ,regulatory
 authority  7#a7 ,in general ,section   
#afb7m7 of the ,internal ,revenue ,code 
of #aihf is amended by adding at the end
 the following new paragraph3  7#g7     
,regulations ,the ,secretary may        
prescribe such guidance1 rules1 or      
regulations1 including with respect to  
reporting1 as are necessary to carry out
 the purposes of this subsection4  4    
7#b7 ,conforming amendment ,paragraph   

7#f7 of section #afb7m7 of such ,code is
 amended by striking subparagraph 7,h74 
7e7 ,effective date ,the amendments made
 by this section shall apply to taxable 
years beginning after ,december #ca1    
#bjac4