3.0.0
4141
2022-12-31T04:58:56Z
2022-12-31T04:58:56Z
House
HR
2021-06-24
117
[Congressional Record Volume 167, Number 110 (Thursday, June 24, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. KIND:H.R. 4141.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 1[Page H3134]
- hsed00
Education and the Workforce Committee
House
Standing
  - Referred to
2021-06-24T14:06:15Z
- hssm00
Small Business Committee
House
Standing
  - Referred to
2021-06-24T14:06:10Z
- hswm00
Ways and Means Committee
House
Standing
  - Referred to
2021-06-24T14:06:05Z

- Promotion and Expansion of Private Employee Ownership Act of 2021
117
1300
S
2021-04-22
Read twice and referred to the Committee on Finance.
  - Related bill
CRS
- 2021-06-24
Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, and Education and Labor, 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
- 2021-06-24
Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, and Education and Labor, 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
- 2021-06-24
Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, and Education and Labor, 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
- 2021-06-24
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2021-06-24
Introduced in House
IntroReferral
1000
9
Library of Congress
- K000188
Rep. Kind, Ron [D-WI-3]
RON
KIND
D
WI
3
N
- S001195
Rep. Smith, Jason [R-MO-8]
Jason
Smith
R
MO
8
2021-06-24
True
- B000574
Rep. Blumenauer, Earl [D-OR-3]
EARL
BLUMENAUER
D
OR
3
2021-06-24
True
- K000376
Rep. Kelly, Mike [R-PA-16]
Mike
Kelly
R
PA
16
2021-06-24
True
- P000096
Rep. Pascrell, Bill, Jr. [D-NJ-9]
WILLIAM
PASCRELL
D
NJ
J.
9
2021-06-24
True
- R000585
Rep. Reed, Tom [R-NY-23]
Tom
Reed
R
NY
23
2021-06-24
True
- D000096
Rep. Davis, Danny K. [D-IL-7]
DANNY
DAVIS
D
IL
K.
7
2021-07-29
False
- W000813
Rep. Walorski, Jackie [R-IN-2]
Jackie
Walorski
R
IN
2
2021-07-29
False
- B001274
Rep. Brooks, Mo [R-AL-5]
Mo
Brooks
R
AL
5
2021-07-29
False
- D000619
Rep. Davis, Rodney [R-IL-13]
Rodney
Davis
R
IL
13
2021-07-30
False
- P000616
Rep. Phillips, Dean [D-MN-3]
Dean
Phillips
D
MN
3
2021-07-30
False
- S001199
Rep. Smucker, Lloyd [R-PA-11]
Lloyd
Smucker
R
PA
11
2021-08-24
False
- S001156
Rep. Sánchez, Linda T. [D-CA-38]
Linda
Sánchez
D
CA
T.
38
2021-08-24
False
- K000380
Rep. Kildee, Daniel T. [D-MI-5]
Daniel
Kildee
D
MI
T.
5
2021-08-24
False
- E000296
Rep. Evans, Dwight [D-PA-3]
Dwight
Evans
D
PA
3
2021-08-24
False
- K000395
Rep. Keller, Fred [R-PA-12]
Fred
Keller
R
PA
12
2021-08-24
False
- K000385
Rep. Kelly, Robin L. [D-IL-2]
Robin
Kelly
D
IL
L.
2
2021-08-24
False
- O000086
Rep. Owens, Burgess [R-UT-4]
Burgess
Owens
R
UT
4
2021-08-24
False
- B001296
Rep. Boyle, Brendan F. [D-PA-2]
Brendan
Boyle
D
PA
F.
2
2021-08-24
False
- B001309
Rep. Burchett, Tim [R-TN-2]
Tim
Burchett
R
TN
2
2021-09-21
False
- C001087
Rep. Crawford, Eric A. "Rick" [R-AR-1]
Eric
Crawford
R
AR
A. "Rick"
1
2021-09-21
False
- S001201
Rep. Suozzi, Thomas R. [D-NY-3]
Thomas
Suozzi
D
NY
R.
3
2021-09-21
False
- H001038
Rep. Higgins, Brian [D-NY-26]
Brian
Higgins
D
NY
26
2021-09-21
False
- C001118
Rep. Cline, Ben [R-VA-6]
Ben
Cline
R
VA
6
2021-09-21
False
- M001159
Rep. McMorris Rodgers, Cathy [R-WA-5]
Cathy
Rodgers
R
WA
McMorris
5
2021-09-21
False
- H001053
Rep. Hartzler, Vicky [R-MO-4]
Vicky
Hartzler
R
MO
4
2021-09-24
False
- K000397
Rep. Kim, Young [R-CA-39]
Young
Kim
R
CA
39
2021-10-20
False
- C001114
Rep. Curtis, John R. [R-UT-3]
John
Curtis
R
UT
R.
3
2021-10-20
False
- M001190
Rep. Mullin, Markwayne [R-OK-2]
Markwayne
Mullin
R
OK
2
2021-10-21
False
- W000815
Rep. Wenstrup, Brad R. [R-OH-2]
Brad
Wenstrup
R
OH
R.
2
2021-11-01
False
- A000375
Rep. Arrington, Jodey C. [R-TX-19]
Jodey
Arrington
R
TX
C.
19
2021-11-01
False
- M001213
Rep. Moore, Blake D. [R-UT-1]
Blake
Moore
R
UT
D.
1
2021-11-15
False
- T000479
Rep. Taylor, Van [R-TX-3]
Van
Taylor
R
TX
3
2021-11-23
False
- B001300
Rep. Barragan, Nanette Diaz [D-CA-44]
Nanette
Barragan
D
CA
Diaz
44
2021-11-30
False
- G000576
Rep. Grothman, Glenn [R-WI-6]
Glenn
Grothman
R
WI
6
2021-12-01
False
- T000468
Rep. Titus, Dina [D-NV-1]
Dina
Titus
D
NV
1
2021-12-01
False
- H001088
Rep. Hagedorn, Jim [R-MN-1]
Jim
Hagedorn
R
MN
1
2021-12-14
False
- D000629
Rep. Davids, Sharice [D-KS-3]
Sharice
Davids
D
KS
3
2021-12-14
False
- D000631
Rep. Dean, Madeleine [D-PA-4]
Madeleine
Dean
D
PA
4
2021-12-14
False
- S001172
Rep. Smith, Adrian [R-NE-3]
Adrian
Smith
R
NE
3
2021-12-14
False
- A000055
Rep. Aderholt, Robert B. [R-AL-4]
ROBERT
ADERHOLT
R
AL
B.
4
2021-12-14
False
- S001213
Rep. Steil, Bryan [R-WI-1]
Bryan
Steil
R
WI
1
2022-01-06
False
- L000576
Rep. Long, Billy [R-MO-7]
Billy
Long
R
MO
7
2022-01-06
False
- F000454
Rep. Foster, Bill [D-IL-11]
Bill
Foster
D
IL
11
2022-01-06
False
- T000469
Rep. Tonko, Paul [D-NY-20]
Paul
Tonko
D
NY
20
2022-01-10
False
- M000871
Rep. Mann, Tracey [R-KS-1]
Tracey
Mann
R
KS
1
2022-01-20
False
- F000465
Rep. Ferguson, A. Drew, IV [R-GA-3]
A.
Ferguson
R
GA
Drew
3
2022-01-20
False
- B001285
Rep. Brownley, Julia [D-CA-26]
Julia
Brownley
D
CA
26
2022-02-02
False
- C000059
Rep. Calvert, Ken [R-CA-42]
KEN
CALVERT
R
CA
42
2022-02-02
False
- R000576
Rep. Ruppersberger, C. A. Dutch [D-MD-2]
C. A.
Ruppersberger
D
MD
Dutch
2
2022-02-02
False
- Q000023
Rep. Quigley, Mike [D-IL-5]
Mike
Quigley
D
IL
5
2022-02-07
False
- M001160
Rep. Moore, Gwen [D-WI-4]
Gwen
Moore
D
WI
4
2022-05-11
False
- C001119
Rep. Craig, Angie [D-MN-2]
Angie
Craig
D
MN
2
2022-06-08
False
- L000585
Rep. LaHood, Darin [R-IL-18]
Darin
LaHood
R
IL
18
2022-06-08
False
- F000471
Rep. Fitzgerald, Scott [R-WI-5]
Scott
Fitzgerald
R
WI
5
2022-07-01
False
- P000618
Rep. Porter, Katie [D-CA-45]
Katie
Porter
D
CA
45
2022-08-23
False
- F000466
Rep. Fitzpatrick, Brian K. [R-PA-1]
Brian
Fitzpatrick
R
PA
K.
1
2022-09-19
False
- B001278
Rep. Bonamici, Suzanne [D-OR-1]
Suzanne
Bonamici
D
OR
1
2022-09-19
False
- L000559
Rep. Langevin, James R. [D-RI-2]
JAMES
LANGEVIN
D
RI
R.
2
2022-09-22
False
- D000626
Rep. Davidson, Warren [R-OH-8]
Warren
Davidson
R
OH
8
2022-09-22
False
- S001185
Rep. Sewell, Terri A. [D-AL-7]
Terri
Sewell
D
AL
A.
7
2022-09-22
False
- M001205
Rep. Miller, Carol D. [R-WV-3]
Carol
Miller
R
WV
D.
3
2022-09-28
False
- C001054
Rep. Carl, Jerry L. [R-AL-1]
Jerry
Carl
R
AL
L.
1
2022-09-29
False
- K000394
Rep. Kim, Andy [D-NJ-3]
Andy
Kim
D
NJ
3
2022-10-04
False
- S001145
Rep. Schakowsky, Janice D. [D-IL-9]
JANICE
SCHAKOWSKY
D
IL
D.
9
2022-10-21
False
- A000371
Rep. Aguilar, Pete [D-CA-31]
Pete
Aguilar
D
CA
31
2022-10-21
False
- F000472
Rep. Franklin, C. Scott [R-FL-15]
C.
Franklin
R
FL
Scott
15
2022-10-31
False
- E000298
Rep. Estes, Ron [R-KS-4]
Ron
Estes
R
KS
4
2022-11-03
False
- C001055
Rep. Case, Ed [D-HI-1]
Ed
Case
D
HI
1
2022-11-14
False
- J000301
Rep. Johnson, Dusty [R-SD-At Large]
Dusty
Johnson
R
SD
0
2022-11-16
False
- W000826
Rep. Wild, Susan [D-PA-7]
Susan
Wild
D
PA
7
2022-12-06
False
- L000557
Rep. Larson, John B. [D-CT-1]
JOHN
LARSON
D
CT
B.
1
2022-12-06
False
- K000382
Rep. Kuster, Ann M. [D-NH-2]
Ann
Kuster
D
NH
M.
2
2022-12-06
False
- N000190
Rep. Norman, Ralph [R-SC-5]
Ralph
Norman
R
SC
5
2022-12-22
False
Taxation
- Capital gains tax
- Department of the Treasury
- Employee benefits and pensions
- Executive agency funding and structure
- Income tax deferral
- Securities
- Small business
Taxation
00
2021-06-24
Introduced in House
2021-08-03T19:12:12Z
Promotion and Expansion of Private Employee Ownership Act of 2021
This bill expands tax incentives and federal assistance for employee stock ownership plans (ESOPs) that are sponsored by S corporations.
The bill provides additional tax incentives for ESOPs by (1) extending to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer securities to an ESOP; and (2) allowing a tax deduction for 50% of the interest received by a bank on loans to S corporation-sponsored ESOPs for the purchase of employer securities.
The Department of the Treasury must establish the S Corporation Employee Ownership Assistance Office to foster increased employee ownership of S corporations.
The bill defines an ESOP business concern for purposes of the Small Business Act as a business concern that was eligible for a loan, preference, or other program under such Act before more than 49% of the business concern was acquired by an ESOP.

Promotion and Expansion of Private Employee Ownership Act of 2021
- 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
- Display Title

Promotion and Expansion of Private Employee Ownership Act of 2021
- Short Title(s) as Introduced

Promotion and Expansion of Private Employee Ownership Act of 2021
Introduced in House
IH
- Introduced in House
2021-06-24T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-117hr4141ih/xml/BILLS-117hr4141ih.xml
2021-06-24
Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, and Education and Labor, 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.
text/xml
EN
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