S. 651: Compensation Fairness Act of 2009 (GovTrack.us)

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S. 651:

Compensation Fairness Act of 2009

111^th Congress

This is a bill in the U.S. Congress originating in the Senate ("S."). A bill must be passed by both the Senate and House and then be signed by the President before it becomes law.

Bill numbers restart from 1 every two years. Each two-year cycle is called a session of Congress. This bill was created in the 111^th Congress, in 2009-2010.

The titles of bills are written by the bill's sponsor and are a part of the legislation itself. GovTrack does not editorialize bill summaries.

2009-2010

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Primary Source

See S. 651 on THOMAS for the official source of information on this bill or resolution.

A bill to amend the Internal Revenue Code of 1986 to impose an excise tax on excessive bonuses paid by, and received from, companies receiving Federal emergency economic assistance, to limit the amount of nonqualified deferred compensation that employees of such companies may defer from taxation, and for other purposes.

Overview

Sponsor:

Sen. Max Baucus [D-MT]show cosponsors (14)

Text:

Summary | Full Text

Status:

	Introduced	Mar 19, 2009
	Reported by Committee	Mar 23, 2009
	Senate Vote	...
	House Vote	...
	Signed by President	...

This bill was considered in committee which has recommended it be considered by the Senate as a whole. Although it has been placed on a calendar of business, the order in which legislation is considered and voted on is determined by the majority party leadership. Keep in mind that sometimes the text of one bill is incorporated into another bill, and in those cases the original bill, as it would appear here, would seem to be abandoned. [Last Updated: Jan 6, 2010 8:06AM]

Last Action:

Mar 23, 2009: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 37.

See the Related Legislation page for other bills related to this one and a list of subject terms that have been applied to this bill. Sometimes the text of one bill or resolution is incorporated into another, and in those cases the original bill or resolution, as it would appear here, would seem to be abandoned.

Question & Answer

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Mar 23, 2009 10:20 AM - Is there a dollar threshold below which a bonus will not be taxed? - Read Answers

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|url=http://www.govtrack.us/congress/bill.xpd?bill=s111-651
|title=S. 651
|accessdate=Feb 10, 2010
|author=111th Congress (2009)
|date=Mar 19, 2009
|work=Legislation
|publisher=GovTrack.us
|quote=Compensation Fairness Act of 2009
}}

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