3.0.0 4837 2023-01-11T13:26:16Z 2023-01-11T13:26:16Z House H HR 2014-06-11 113 hsed00 Education and the Workforce Committee House Standing hsed02 Health, Employment, Labor, and Pensions Subcommittee Referred to 2014-11-17T22:09:38Z Referred to 2014-06-11T14:02:30Z hssm00 Small Business Committee House Standing Referred to 2014-06-11T14:02:35Z hswm00 Ways and Means Committee House Standing Referred to 2014-06-11T14:02:25Z Promotion and Expansion of Private Employee Ownership Act of 2013 113 742 S 2013-04-16 Read twice and referred to the Committee on Finance. Related bill CRS 2014-11-17 hsed02 Health, Employment, Labor, and Pensions Subcommittee 1 House committee actions Referred to the Subcommittee on Health, Employment, Labor, and Pensions. Committee 2014-06-11 Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2014-06-11 Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2014-06-11 Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2014-06-11 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-06-11 Introduced in House IntroReferral 1000 9 Library of Congress R000578 Rep. Reichert, David G. [R-WA-8] David Reichert R WA G. 8 N K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 2014-06-11 True T000462 Rep. Tiberi, Patrick J. [R-OH-12] PATRICK TIBERI R OH J. 12 2014-06-11 True B001255 Rep. Boustany, Charles W., Jr. [R-LA-3] Charles Boustany R LA W. 3 2014-06-11 True P000594 Rep. Paulsen, Erik [R-MN-3] Erik Paulsen R MN 3 2014-06-11 True N000015 Rep. Neal, Richard E. [D-MA-1] RICHARD NEAL D MA E. 1 2014-06-11 True P000096 Rep. Pascrell, Bill, Jr. [D-NJ-9] WILLIAM PASCRELL D NJ J. 9 2014-06-11 True B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2014-06-11 True R000576 Rep. Ruppersberger, C. A. Dutch [D-MD-2] C. A. Ruppersberger D MD Dutch 2 2014-06-23 False F000451 Rep. Fitzpatrick, Michael G. [R-PA-8] Michael Fitzpatrick R PA G. 8 2014-06-23 False B001278 Rep. Bonamici, Suzanne [D-OR-1] Suzanne Bonamici D OR 1 2014-06-25 False M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2014-07-08 False P000595 Rep. Peters, Gary C. [D-MI-14] Gary Peters D MI 14 2014-07-15 False J000290 Rep. Jenkins, Lynn [R-KS-2] Lynn Jenkins R KS 2 2014-07-15 False R000580 Rep. Roskam, Peter J. [R-IL-6] Peter Roskam R IL J. 6 2014-07-23 False T000460 Rep. Thompson, Mike [D-CA-5] MIKE THOMPSON D CA 5 2014-07-28 False C001069 Rep. Courtney, Joe [D-CT-2] Joe Courtney D CT 2 2014-07-29 False R000585 Rep. Reed, Tom [R-NY-23] Tom Reed R NY 23 2014-07-29 False C001078 Rep. Connolly, Gerald E. [D-VA-11] Gerald Connolly D VA E. 11 2014-07-30 False S001179 Rep. Schock, Aaron [R-IL-18] Aaron Schock R IL 18 2014-07-31 False H001032 Rep. Holt, Rush [D-NJ-12] RUSH HOLT D NJ D. 12 2014-09-08 False G000289 Rep. Goodlatte, Bob [R-VA-6] ROBERT GOODLATTE R VA W. 6 2014-09-08 False T000467 Rep. Thompson, Glenn [R-PA-5] Glenn Thompson R PA 5 2014-09-10 False P000258 Rep. Peterson, Collin C. [D-MN-7] COLLIN PETERSON D MN C. 7 2014-09-10 False K000382 Rep. Kuster, Ann M. [D-NH-2] Ann Kuster D NH M. 2 2014-09-10 False L000287 Rep. Lewis, John [D-GA-5] JOHN LEWIS D GA 5 2014-09-15 False L000565 Rep. Loebsack, David [D-IA-2] David Loebsack D IA 2 2014-09-18 False C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2014-09-18 False S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2014-09-19 False N000187 Rep. Negrete McLeod, Gloria [D-CA-35] Gloria Negrete McLeod D CA 35 2014-11-13 False B001273 Rep. Black, Diane [R-TN-6] Diane Black R TN 6 2014-11-13 False M001179 Rep. Marino, Tom [R-PA-10] Tom Marino R PA 10 2014-11-13 False M001159 Rep. McMorris Rodgers, Cathy [R-WA-5] Cathy McMorris Rodgers R WA 5 2014-11-13 False C001096 Rep. Cramer, Kevin [R-ND-At Large] Kevin Cramer R ND 0 2014-11-14 False D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2014-12-01 False S000244 Rep. Sensenbrenner, F. James, Jr. [R-WI-5] F. SENSENBRENNER R WI JAMES 5 2014-12-01 False S001195 Rep. Smith, Jason [R-MO-8] Jason Smith R MO 8 2014-12-08 False Y000063 Rep. Yoder, Kevin [R-KS-3] Kevin Yoder R KS 3 2014-12-11 False Taxation Department of the Treasury Employee benefits and pensions Executive agency funding and structure Income tax deductions Income tax deferral Interest, dividends, interest rates Securities Small business Taxation 00 2014-06-11 Introduced in House 2014-07-02T20:38:18Z Promotion and Expansion of Private Employee Ownership Act of 2014 - Amends the Internal Revenue Code to: (1) extend to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer securities to an S corporation-sponsored employer stock ownership plan (ESOP); and (2) allow a tax deduction for 50% of the interest incurred on loans to S corporation-sponsored ESOPs for the purchase of employer securities.

Directs the Secretary of the Treasury to establish the S Corporation Employee Ownership Assistance Office to foster increased employee ownership of S corporations.

Amends the Small Business Act to define "ESOP business concern" and allow such a concern to continue to qualify for loans, preferences, and other programs under such Act.

]]> Promotion and Expansion of Private Employee Ownership Act of 2014 Display Title Promotion and Expansion of Private Employee Ownership Act of 2014 Official Title as Introduced To amend the Internal Revenue Code of 1986 and the Small Business Act to expand the availability of employee stock ownership plans in S corporations, and for other purposes. Introduced in House IH Short Titles as Introduced Promotion and Expansion of Private Employee Ownership Act of 2014 Introduced in House 2014-06-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4837ih/xml/BILLS-113hr4837ih.xml 2014-11-17 Referred to the Subcommittee on Health, Employment, Labor, and Pensions. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.