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H.R. 620

BillFederalHouseIn Committee
CEO-Employee Paycheck Fairness Act of 2015
About This Bill
Committee
Latest Action · January 28, 2015
Referred to the House Committee on Ways and Means.
Congress
114th (2015–2017)
Introduced
January 28, 2015
Cosponsors (18)
18D 0R
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Summary

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CEO-Employee Paycheck Fairness Act of 2015 Amends the Internal Revenue Code to deny a publicly held corporation a tax deduction for the payment of performance-based remuneration in excess of $1 million to any of its current or former officers or directors if such corporation does not meet the pay fairness requirement established by this Act. Deems the pay fairness requirement to be satisfied if: (1) the average compensation paid by the employer for all applicable U.S. employees for the taxable year exceeds the inflation and productivity growth adjusted average (i.e., $118,450 in 2015) of such compensation for the preceding taxable year; and (2) the aggregate compensation paid by the employer to or for all applicable employees for the taxable year is not less than the aggregate of such compensation for the preceding taxable year.

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