3.0.0
1300
2023-03-08T20:12:14Z
2023-03-08T20:12:14Z
Senate
S
2021-04-22
117
- ssfi00
Finance Committee
Senate
Standing
  - Referred to
2021-04-22T16:27:56Z

- Promotion and Expansion of Private Employee Ownership Act of 2021
117
4141
HR
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.
  - Related bill
CRS
- 2021-04-22
  - ssfi00
Finance Committee
Senate
Read twice and referred to the Committee on Finance.
IntroReferral
- 2021-04-22
Introduced in Senate
IntroReferral
10000
9
Library of Congress
- C000141
Sen. Cardin, Benjamin L. [D-MD]
Ben
Cardin
D
MD
N
- P000449
Sen. Portman, Rob [R-OH]
Rob
Portman
R
OH
2021-04-22
True
- S000770
Sen. Stabenow, Debbie [D-MI]
Debbie
Stabenow
D
MI
2021-04-22
True
- C000880
Sen. Crapo, Mike [R-ID]
Mike
Crapo
R
ID
2021-04-22
True
- C000127
Sen. Cantwell, Maria [D-WA]
Maria
Cantwell
D
WA
2021-04-22
True
- D000618
Sen. Daines, Steve [R-MT]
Steve
Daines
R
MT
2021-04-22
True
- B000944
Sen. Brown, Sherrod [D-OH]
Sherrod
Brown
D
OH
2021-04-22
True
- C001035
Sen. Collins, Susan M. [R-ME]
Susan
Collins
R
ME
M.
2021-04-22
True
- C001070
Sen. Casey, Robert P., Jr. [D-PA]
Bob
Casey
D
PA
2021-04-22
True
- R000584
Sen. Risch, James E. [R-ID]
James
Risch
R
ID
E.
2021-04-22
True
- W000802
Sen. Whitehouse, Sheldon [D-RI]
Sheldon
Whitehouse
D
RI
2021-04-22
True
- B000575
Sen. Blunt, Roy [R-MO]
Roy
Blunt
R
MO
2021-04-22
True
- H001076
Sen. Hassan, Margaret Wood [D-NH]
Maggie
Hassan
D
NH
2021-04-22
True
- B001236
Sen. Boozman, John [R-AR]
John
Boozman
R
AR
2021-04-22
True
- L000174
Sen. Leahy, Patrick J. [D-VT]
Patrick
Leahy
D
VT
2021-04-22
True
- F000463
Sen. Fischer, Deb [R-NE]
Deb
Fischer
R
NE
2021-04-22
True
- M001111
Sen. Murray, Patty [D-WA]
Patty
Murray
D
WA
2021-04-22
True
- E000295
Sen. Ernst, Joni [R-IA]
Joni
Ernst
R
IA
2021-04-22
True
- S000033
Sen. Sanders, Bernard [I-VT]
Bernard
Sanders
I
VT
2021-04-22
True
- K000367
Sen. Klobuchar, Amy [D-MN]
Amy
Klobuchar
D
MN
2021-04-22
True
- T000464
Sen. Tester, Jon [D-MT]
Jon
Tester
D
MT
2021-04-22
True
- S001181
Sen. Shaheen, Jeanne [D-NH]
Jeanne
Shaheen
D
NH
2021-04-22
True
- K000383
Sen. King, Angus S., Jr. [I-ME]
Angus
King
I
ME
S.
2021-04-22
True
- B001288
Sen. Booker, Cory A. [D-NJ]
Cory
Booker
D
NJ
2021-04-22
True
- P000595
Sen. Peters, Gary C. [D-MI]
Gary
Peters
D
MI
2021-04-22
True
- V000128
Sen. Van Hollen, Chris [D-MD]
Chris
Van Hollen
D
MD
2021-04-22
True
- D000622
Sen. Duckworth, Tammy [D-IL]
Tammy
Duckworth
D
IL
2021-04-22
True
- R000122
Sen. Reed, Jack [D-RI]
John
Reed
D
RI
F.
2021-04-28
False
- K000393
Sen. Kennedy, John [R-LA]
John
Kennedy
R
LA
Neely
2021-04-28
False
- M000934
Sen. Moran, Jerry [R-KS]
Jerry
Moran
R
KS
2021-04-29
False
- G000386
Sen. Grassley, Chuck [R-IA]
Charles
Grassley
R
IA
E.
2021-07-15
False
- H001061
Sen. Hoeven, John [R-ND]
John
Hoeven
R
ND
2021-07-15
False
- T000461
Sen. Toomey, Patrick [R-PA]
Patrick
Toomey
R
PA
J.
2021-07-27
False
- B001230
Sen. Baldwin, Tammy [D-WI]
Tammy
Baldwin
D
WI
2021-07-27
False
- T000250
Sen. Thune, John [R-SD]
John
Thune
R
SD
R.
2021-11-02
False
- S001203
Sen. Smith, Tina [D-MN]
Tina
Smith
D
MN
2021-12-02
False
- B001261
Sen. Barrasso, John [R-WY]
John
Barrasso
R
WY
2022-03-03
False
- Y000064
Sen. Young, Todd [R-IN]
Todd
Young
R
IN
C.
2022-11-16
False
- B001243
Sen. Blackburn, Marsha [R-TN]
Marsha
Blackburn
R
TN
2022-12-01
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
2021-04-22
Introduced in Senate
2021-06-09T14:12:00Z
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 extends to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer securities to an ESOP.
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 and allows such a concern to continue to qualify as a small business for the purposes of programs under the Small Business Act. An ESOP business concern is a business concern that was a small business concern eligible for a loan, preference, or other program under the Small Business Act before more than 49% of the business concern was acquired by an ESOP.

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

Promotion and Expansion of Private Employee Ownership Act of 2021
- Official Title as Introduced

A bill 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 Senate
IS
- Short Title(s) as Introduced

Promotion and Expansion of Private Employee Ownership Act of 2021
Introduced in Senate
IS
- Introduced in Senate
2021-04-22T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-117s1300is/xml/BILLS-117s1300is.xml
2021-04-22
Read twice and referred to the Committee on Finance.
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.