Bill > S01813

This bill requires certain companies to pay an annual tax if the chief executive's compensation is 100 to 250 times greater than the median pay of all their employees. Specifically, the bill imposes a 10% tax on a company's base tax liability if the company reports a pay ratio of at least 100:1 but less than 250:1, and a 25% tax if the company reports a pay ratio of 250:1 or greater, as disclosed to the U.S. Securities and Exchange Commission (SEC) under their pay ratio reporting requirements.