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Promoting Employee Stock Ownership in Small Businesses

This act aims to make it easier for employees to become co-owners of the companies they work for through special stock plans. This allows employees to build retirement savings and gain greater job stability. The act also establishes new support offices to help companies and employees understand and implement these solutions.
Key points
Easier tax deferral for certain sales of company stock to employee stock ownership plans (ESOPs) in S-corporations.
Small businesses where employees own more than 49% through an ESOP will still be considered small businesses, retaining access to support programs.
Establishment of an S Corporation Employee Ownership Assistance Office within the Treasury Department to educate and assist companies in implementing ESOPs.
Appointment of an Advocate for Employee Ownership within the Department of Labor to support the growth of employee ownership plans and resolve potential issues.
article Official text account_balance Process page
Introduced
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Additional Information
Print number: 119_HR_3105
Sponsor: Rep. Kelly, Mike [R-PA-16]
Process start date: 2025-04-30
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Promotion and Expansion of Private Employee Ownership Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3105.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-04-30.

What are the main provisions?

Key points include:

  • Easier tax deferral for certain sales of company stock to employee stock ownership plans (ESOPs) in S-corporations.
  • Small businesses where employees own more than 49% through an ESOP will still be considered small businesses, retaining access to support programs.
  • Establishment of an S Corporation Employee Ownership Assistance Office within the Treasury Department to educate and assist companies in implementing ESOPs.
  • Appointment of an Advocate for Employee Ownership within the Department of Labor to support the growth of employee ownership plans and resolve potential issues.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Kelly, Mike [R-PA-16].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Labor Taxes Economy