# 119-hr-3140: Stop Subsidizing Multimillion Dollar Corporate Bonuses Act

119-hr-3140, Stop Subsidizing Multimillion Dollar Corporate Bonuses Act, is a 119th Congress bill sponsored by Rep. Doggett, Lloyd [D-TX-37] (D-TX); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-3140
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-3140
- Congress: 119
- Title: Stop Subsidizing Multimillion Dollar Corporate Bonuses Act
- Status: introduced
- Introduced: 2025-05-01
- Sponsor: Rep. Doggett, Lloyd [D-TX-37] (D-TX)
- Cosponsors: 22
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Limits corporate tax deductions for multimillion-dollar executive pay.** This bill would broaden who counts as a "covered individual" and tighten the rules that deny corporate tax deductions under section 162(m) so more high pay could be nondeductible. - Corporations: Public companies and certain filers under section 15(d) would face a wider deduction limit because the definition of "publicly held corporation" is expanded and the rule covers more individuals. The changes would apply to taxable years beginning after Dec 31, 2024. - Executives and service providers: The bill would treat many more current and former top officers and anyone who performed services after Dec 31, 2020 as potentially subject to the deduction cap, including certain CEOs, CFOs, and the top three compensated officers from 2016 to 2020. - Tax administration: The Secretary of the Treasury would get explicit authority to issue rules on reporting and to block avoidance, including rules aimed at payments routed through pass-throughs or other entities.

## Cosponsors (22)

- Rep. Casar, Greg [D-TX-35] (D-TX), 2025-05-01T00:00:00.000Z
- Rep. Chu, Judy [D-CA-28] (D-CA), 2025-05-01T00:00:00.000Z
- Rep. Cohen, Steve [D-TN-9] (D-TN), 2025-05-01T00:00:00.000Z
- Rep. DeLauro, Rosa L. [D-CT-3] (D-CT), 2025-05-01T00:00:00.000Z
- Rep. Deluzio, Christopher R. [D-PA-17] (D-PA), 2025-05-01T00:00:00.000Z
- Rep. Espaillat, Adriano [D-NY-13] (D-NY), 2025-05-01T00:00:00.000Z
- Rep. Garamendi, John [D-CA-8] (D-CA), 2025-05-01T00:00:00.000Z
- Rep. García, Jesús G. "Chuy" [D-IL-4] (D-IL), 2025-05-01T00:00:00.000Z
- Rep. Johnson, Henry C. "Hank" [D-GA-4] (D-GA), 2025-05-01T00:00:00.000Z
- Rep. Lee, Summer L. [D-PA-12] (D-PA), 2025-05-01T00:00:00.000Z
- Rep. Magaziner, Seth [D-RI-2] (D-RI), 2025-05-01T00:00:00.000Z
- Rep. Moore, Gwen [D-WI-4] (D-WI), 2025-05-01T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2025-05-01T00:00:00.000Z
- Rep. Raskin, Jamie [D-MD-8] (D-MD), 2025-05-01T00:00:00.000Z
- Rep. Salinas, Andrea [D-OR-6] (D-OR), 2025-05-01T00:00:00.000Z
- Rep. Schakowsky, Janice D. [D-IL-9] (D-IL), 2025-05-01T00:00:00.000Z
- Rep. Stansbury, Melanie A. [D-NM-1] (D-NM), 2025-05-01T00:00:00.000Z
- Rep. Takano, Mark [D-CA-39] (D-CA), 2025-05-01T00:00:00.000Z
- Rep. Tlaib, Rashida [D-MI-12] (D-MI), 2025-05-01T00:00:00.000Z
- Rep. Tokuda, Jill N. [D-HI-2] (D-HI), 2025-05-01T00:00:00.000Z
- Rep. Watson Coleman, Bonnie [D-NJ-12] (D-NJ), 2025-05-01T00:00:00.000Z
- Rep. Grijalva, Adelita S. [D-AZ-7] (D-AZ), 2026-05-13T00:00:00.000Z

## Provisions PRIA read

- Tighter limits on executive pay deductions: cost, high. If enacted, public companies would lose more tax write-offs for multimillion-dollar pay. More people would count as covered, including anyone who performs services after 2020 and certain former top officers. A company would be treated as publicly held if it had to file SEC reports at any time in th…

## Related bills

- 119-hr-7973: Momnibus Act
- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-51: Washington, D.C. Admission Act
- 119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025
- 119-hr-5390: FAMILY Act
- 119-hr-15: Equality Act

## Sources
- [119-hr-3140 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/3140)

## Related
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-hr-51)
- [119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025](https://policyrisk.com/legislation/119-hr-20)
- [119-hr-5390: FAMILY Act](https://policyrisk.com/legislation/119-hr-5390)
- [119-hr-15: Equality Act](https://policyrisk.com/legislation/119-hr-15)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-3140 (as of 2026-09-21).