Alerts

Senate Finance Committee Adopts Proposal Limiting Annual Deferred Compensation; Application to Investment Management Firms Unclear

January 18, 2007

The Senate Finance Committee approved a proposal as part of the Small Business and Work Opportunity Act of 2007 on January 17, 2007, which contains a limit on the maximum annual amount of nonqualified deferred compensation for individuals.  The proposal has not yet been passed by the House of Representatives or by the Senate as a whole.