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BillHR 8972 · 119

OPT Fair Tax Act

Introduced
May 21, 2026
Cosponsors
0
Traction
0
Last Action
May 21, 2026

Bill Summary

Requires companies to pay taxes on stock options given to employees at the time they are vested, rather than when employees exercise them. Funds this change by eliminating a tax deduction for companies that pay executives more than one million dollars.

Sponsored By

Glenn Grothman
Republican · Wisconsin · House

Bill Journey

  1. May 21, 2026
  3. May 21, 2026You Are Here

    The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.

  4. TBD

    The full chamber debates the bill, may amend it, and votes on whether to pass it.

  5. TBD

    If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.

  6. TBD

    If passed by both chambers, the bill goes to the President to sign into law or veto.

Why It Matters

This bill affects large corporations and their highly compensated employees, potentially increasing the taxes these companies pay and reducing the tax benefits they receive for paying high executive salaries. It may also impact the financial planning and compensation strategies of these companies and their employees.

Impact Areas

Sample
Addresses Supply
Targets an underlying shortage driving costs.
Supports Families
Aimed at easing pressure on working households.
Long-term Impact
Effects compound across multiple budget cycles.
Expands Access
Lowers barriers for first-time participants.

Support & Opposition

Sponsor & cosponsor support by party
1backer
  • Republican1
Cross-party cosponsors0 · 0%

Documents

1

Full text opens on congress.gov, the official source.

Bill Details

Bill TypeHouse Bill · Federal
Primary TopicMoney & Economy
CommitteeCommittee on Ways and Means
IntroducedMay 21, 2026
Last UpdatedMay 21, 2026
Latest ActionReferred to the House Committee on Ways and Means.
Subjects
  • Economy

Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.