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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 changes also include support for small businesses that choose this ownership model.
Key points
Easier creation of Employee Stock Ownership Plans (ESOPs) in small businesses, allowing employees to own company shares.
Employees with ESOP shares gain access to retirement savings accounts and increased job stability.
Establishment of new government offices and positions to educate and assist companies in implementing employee stock ownership plans.
Small businesses where employees own a majority stake will still be eligible for small business support programs.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_2461
Sponsor: Sen. Daines, Steve [R-MT]
Process start date: 2025-07-24
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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_S_2461.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-07-24.

What are the main provisions?

Key points include:

  • Easier creation of Employee Stock Ownership Plans (ESOPs) in small businesses, allowing employees to own company shares.
  • Employees with ESOP shares gain access to retirement savings accounts and increased job stability.
  • Establishment of new government offices and positions to educate and assist companies in implementing employee stock ownership plans.
  • Small businesses where employees own a majority stake will still be eligible for small business support programs.
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 Sen. Daines, Steve [R-MT].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

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