To amend the Internal Revenue Code of 1986 to deny the deduction for executive compensation unless the employer maintains profit-sharing distributions for employees.
The bill’s titles are written by its sponsor.
Sponsor and status
Sponsor. Representative for New Jersey's 12th congressional district. Democrat.
Last Updated: Sep 28, 2018
Length: 5 pages
115th Congress (2017–2019)
This bill was introduced on September 28, 2018, in a previous session of Congress, but it did not receive a vote.
Sep 28, 2018
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
Feb 14, 2019
Reintroduced Bill — Introduced
This activity took place on a related bill, H.R. 1294.
H.R. 6976 (115th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 6976. This is the one from the 115th Congress.
This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not enacted by the end of a Congress is cleared from the books.
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GovTrack.us. (2020). H.R. 6976 — 115th Congress: Employee Profit-Sharing Encouragement Act of 2018. Retrieved from https://www.govtrack.us/congress/bills/115/hr6976
“H.R. 6976 — 115th Congress: Employee Profit-Sharing Encouragement Act of 2018.” www.GovTrack.us. 2018. October 25, 2020 <https://www.govtrack.us/congress/bills/115/hr6976>
Employee Profit-Sharing Encouragement Act of 2018, H.R. 6976, 115th Cong..
|title=H.R. 6976 (115th)
|accessdate=October 25, 2020
|author=115th Congress (2018)
|date=September 28, 2018
|quote=Employee Profit-Sharing Encouragement Act of 2018
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