← My Government dashboard

Government Watch

Dossier Legislative introduced 16-jul-2026
Bill introduced in Congress — not yet passed by either chamber, and not law.

A bill to amend the Internal Revenue Code of 1986 to impose an excise tax on excessively disparate wages paid to chief executive officers.

Key claim: Senate bill S5011 would amend the Internal Revenue Code to impose an excise tax on excessively disparate wages paid to chief executive officers.

Abstract

(S5011 · 119th Congress) Latest action (2026-07-16): Read twice and referred to the Committee on Finance.

Why this matters

This proposal would create a new corporate-level excise tax keyed to the ratio between CEO and worker pay, adding a novel instrument to the federal tax code’s set of behavioral levies on large employers. If enacted, it would shift tax burden toward companies with high pay ratios, joining stock buyback excise taxes as a mechanism using the IRC to influence corporate compensation and capital allocation.

Source

Link

Briefing card

A bill to amend the Internal Revenue Code of 1986 to impose an excise tax on excessively disparate wages paid to chief executive officers.
Stage: introduced · congress · 16-jul-2026

Senate bill S5011 would amend the Internal Revenue Code to impose an excise tax on excessively disparate wages paid to chief executive officers.

Cross-references (0)

None recorded — doctrine links and citations appear here as scans and citation sweeps find them.

External: congress:119-s-5011:introduced

Ask about this finding

Replies are grounded in the abstract and metadata above. The model will quote directly when possible and say so if a question isn't covered.

Stages other doctrine resolution introduced proposed rule passed chamber executive action final rule enacted district opinion circuit opinion opinion

Subscribe: calendar of upcoming dates · deadlines feed · all new records

build build 392 · ea9c128-dirty · 2026-08-09