I 118th CONGRESS 1st Session H. R. 1654 IN THE HOUSE OF REPRESENTATIVES March 17, 2023 Mr. Schiff (for himself, Mr. Levin , Mr. Gomez , Mr. Takano , Ms. McCollum , Mrs. Watson Coleman , Mr. Garamendi , Mr. Mullin , Mr. Grijalva , Mr. McGovern , Ms. Pingree , Mr. Goldman of New York , Mr. Swalwell , Mr. Evans , Mr. Boyle of Pennsylvania , Mr. Pocan , Ms. Eshoo , Mr. Carson , and Mr. Khanna ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to impose a higher rate of tax on bonuses and profits from sales of stock received by executives employed by failing banks that were closed and for which the Federal Deposit Insurance Corporation has been appointed as conservator or receiver.