,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #cigj  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,janu>y #bi1 #bjad,mr4
 ,doggett introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,ways &      
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to exp& ! d5ial ( 
d$uction = c]ta9 excessive employee     
remun]ation1 & = o!r purposes4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,/op ,subsidiz+ ,multimillion ,doll>    
,corporate ,bonuses ,act4  #b4          
,expansion ( d5ial ( d$uction = c]ta9   
excessive employee remun]ation  7a7     
,application to all curr5t & =m]        
employees  7#a7 ,9 g5]al ,section       
#afb7m7 ( ! ,int]nal ,rev5ue ,code (    
#aihf is am5d$-- 7,a7 by /rik+ cov]$    
employee ea* place x appe>s 9 p>agraphs 
7#a7 & 7#d7 & ins]t+ cov]$ individual1 &
  7,b7 by /rik+ su* employee ea* place x
 appe>s 9 subp>agraphs 7,a7 & 7,g7 (    
p>agraph 7#d7 & ins]t+ su* individual4  
7#b7 ,cov]$ individual ,p>agraph 7#c7 ( 
section #afb7m7 ( su* ,code is am5d$ to 

read z foll[s3  7#c7 ,cov]$ individual  
,= purposes ( ?is subsection1 ! t]m     
cov]$ individual means any individual :o
 is an (fic]1 director1 or employee ( ! 
taxpay] or a =m] (fic]1 director1 or    
employee ( ! taxpay]4  4  7#c7 ,con=m+  
am5dm5ts  7,a7 ,section                 
#dh;,d7b77#c77;,a7 ( su* ,code is am5d$ 
by ins]t+ 7z 9 effect = taxable ye>s    
beg9n+ be=e ,janu>y #a1 #bjad7 aft]     
section #afb7m77#c74  7,b7 ,section     
#dji;,a7b77#c77;,d77ii7 ( su* ,code is  
am5d$ by ins]t+ 7z 9 effect = taxable   
ye>s beg9n+ be=e ,janu>y #a1 #bjad7 aft]
 section #afb7m77#c74  7b7 ,expansion ( 
applicable employee remun]ation  7#a7   
,elim9ation ( exception =               
commission-bas$ pay  7,a7 ,9 g5]al      
,p>agraph 7#d7 ( section #afb7m7 ( su*  
,code1 z am5d$ by subsection 7a71 is    
am5d$ by /rik+ subp>agraph 7,b7 & by    
r$esignat+ subp>agraphs 7,c7 ?r\gh 7,g7 
z subp>agraphs 7,b7 ?r\gh 7,f71         
respectively4  7,b7 ,con=m+ am5dm5ts    
7i7 ,section #afb7m77#e7 ( su* ,code is 

am5d$-- 7,i7 by /rik+ subp>agraphs 7,b71
 7,c71 & 7,d7 !re( 9 subp>agraph 7,e7 & 
ins]t+ subp>agraphs 7,b7 & 7,c7 !re(1 & 
7,,ii7 by /rik+ subp>agraphs 7,f7 & 7,g7
 9 subp>agraph 7,g7 & ins]t+            
subp>agraphs 7,e7 & 7,f74  7ii7 ,section
 #afb7m77#f7 ( su* ,code is am5d$-- 7,i7
 by /rik+ subp>agraphs 7,b71 7,c71 &    
7,d7 !re( 9 subp>agraph 7,d7 & ins]t+   
subp>agraphs 7,b7 & 7,c7 !re(1 &  7,,ii7
 by /rik+ subp>agraphs 7,f7 & 7,g7 9    
subp>agraph 7,g7 & ins]t+ subp>agraphs  
7,e7 & 7,f74  7#b7 ,inclusion (         
p]=mance-bas$ comp5sation  7,a7 ,9 g5]al
 ,p>agraph 7#d7 ( section #afb7m7 ( !   
,int]nal ,rev5ue ,code ( #aihf1 z am5d$ 
by subsection 7a7 & p>agraph 7#a7 ( ?is 
subsection1 is am5d$ by /rik+           
subp>agraph 7,b7 & r$esignat+           
subp>agraphs 7,c7 ?r\gh 7,f7 z          
subp>agraphs 7,b7 ?r\gh 7,e71           
respectively4  7,b7 ,con=m+ am5dm5ts    
7i7 ,section #afb7m77#e7 ( su* ,code1 z 
am5d$ by p>agraph 7#a71 is am5d$-- 7,i7 
by /rik+ subp>agraphs 7,b7 & 7,c7 !re( 9

 subp>agraph 7,e7 & ins]t+ subp>agraph  
7,b7 !re(1 &  7,,ii7 by /rik+           
subp>agraphs 7,e7 & 7,f7 9 subp>agraph  
7,g7 & ins]t+ subp>agraphs 7,d7 & 7,e74 
7ii7 ,section #afb7m77#f7 ( su* ,code1 z
 am5d$ by p>agraph 7#a71 is am5d$-- 7,i7
 by /rik+ subp>agraphs 7,b7 & 7,c7 !re( 
9 subp>agraph 7,d7 & ins]t+ subp>agraph 
7,b7 !re(1 &  7,,ii7 by /rik+           
subp>agraphs 7,e7 & 7,f7 9 subp>agraph  
7,g7 & ins]t+ subp>agraphs 7,d7 & 7,e74 
7c7 ,expansion ( applicable employ]     
,p>agraph 7#b7 ( section #afb7m7 ( !    
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
to read z foll[s3  7#b7 ,publicly held  
corporation ,= purposes ( ?is           
subsection1 ! t]m publicly held         
corporation means any corporation :i* is
 an issu] 7z def9$ 9 section #c ( !     
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #gh;c77-- 7,a7 t has a class (
 securities regi/]$ "u section #ab ( su*
 ,act 7#ae ,u4,s4,c4 #ghl71 or  7,b7 t  
is requir$ to file reports "u section   
#ae7;d7 ( su* ,act 7#ae ,u4,s4,c4       

#ghj7;d774  4  7d7 ,regulatory au?ority 
7#a7 ,9 g5]al ,section #afb7m7 ( !      
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new p>agraph3 
7#g7 ,regulations ,! ,secret>y may      
prescribe su* guidance1 rules1 or       
regulations1 includ+ ) respect to       
report+1 z are necess>y to c>ry out !   
purposes ( ?is subsection4  4  7#b7     
,con=m+ am5dm5t ,p>agraph 7#f7 ( section
 #afb7m7 ( su* ,code is am5d$ by /rik+  
subp>agraph 7,h74  7e7 ,effective date  
,! am5dm5ts made by ?is section %all    
apply to taxable ye>s beg9n+ aft]       
,decemb] #ca1 #bjac4