Okay I was excited about this but here is an update. The bill ties the max salary to salaries of other employees of the same company. That's flawed. It should tie the max salary to the national average for all employees. But I'm encouraged that Congress is at least thinking this way. The rest of my comment remains: I am excited to see something like this coming out of Congress. To those who want to fix the problem with corporate governance reform I point out that this kind of thing is much simpler and better designed to a achieve the goal. The problem being that too much spread in the difference between the average pay and the highest pay is not good for the economy. If average pay can't buy houses, house sales go down. If it can buy refrigerators, those sales go down. If we say that the target max salary is 100x average (and we should do some investigation and periodic review of this number) than we are not arbitrarily setting a minimum wage, and we are not arbitrarily setting governance rules that may or may not have the desired outcome. And we are not saying a company can't pay more than the max we are just saying there is a cost to consider, and what we really want is for companies not to have to pay the tax and for companies and their senior executives to innovatevways for average employee incomes to go up. Government and politics will never come up with as good a solution to this problem as the free market will if we incent that. We just have to look at the big picture and consider that the market will do better for everyone, like fir home builders and refrigerator builders, if we incent salaries to stay within a certain range.