3.0.0
4896
2025-12-05T08:08:21Z
2025-12-05T08:08:21Z
House
H
HR
2023-07-26
118
https://www.congress.gov/bill/118th-congress/house-bill/4896
[Congressional Record Volume 169, Number 129 (Wednesday, July 26, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. KELLY of Pennsylvania:H.R. 4896.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 1 of the U.S. ConstitutionThe single subject of this legislation is:To amend the Internal Revenue Code of 1986 and the SmallBusiness Act to expand the availability of employee stockownership plans in S corporations, and for other purposes.[Page H4031]
- hsed00
Education and Workforce Committee
House
Standing
  - Referred To
2023-07-26T14:04:40Z
- hssm00
Small Business Committee
House
Standing
  - Referred To
2023-07-26T14:04:35Z
- hswm00
Ways and Means Committee
House
Standing
  - Referred To
2023-07-26T14:04:30Z

- Promotion and Expansion of Private Employee Ownership Act of 2023
118
5011
HR
2023-07-27
Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, and Education and the Workforce, 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.
  - Identical bill
CRS

- Promotion and Expansion of Private Employee Ownership Act of 2023
118
2515
S
2023-07-26
Read twice and referred to the Committee on Finance.
  - Identical bill
CRS
- 2023-07-26
Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, and Education and the Workforce, 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 Workforce Committee
- 2023-07-26
Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, and Education and the Workforce, 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
- 2023-07-26
Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, and Education and the Workforce, 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
- 2023-07-26
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2023-07-26
Introduced in House
IntroReferral
1000
9
Library of Congress
- K000376
Rep. Kelly, Mike [R-PA-16]
Mike
Kelly
R
PA
16
N
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Rep. Blumenauer, Earl [D-OR-3]
EARL
BLUMENAUER
D
OR
3
2023-07-26
True
- W000815
Rep. Wenstrup, Brad R. [R-OH-2]
Brad
Wenstrup
R
OH
R.
2
2023-07-26
True
- M001205
Rep. Miller, Carol D. [R-WV-1]
Carol
Miller
R
WV
D.
1
2023-07-26
True
- E000298
Rep. Estes, Ron [R-KS-4]
Ron
Estes
R
KS
4
2023-07-26
True
- P000096
Rep. Pascrell, Bill, Jr. [D-NJ-9]
WILLIAM
PASCRELL
D
NJ
J.
9
2023-07-26
True
- D000096
Rep. Davis, Danny K. [D-IL-7]
DANNY
DAVIS
D
IL
K.
7
2023-07-26
True
- S001185
Rep. Sewell, Terri A. [D-AL-7]
Terri
Sewell
D
AL
A.
7
2023-07-26
True
- M001213
Rep. Moore, Blake D. [R-UT-1]
Blake
Moore
R
UT
D.
1
2023-08-29
False
- T000478
Rep. Tenney, Claudia [R-NY-24]
Claudia
Tenney
R
NY
24
2023-09-26
False
- B001296
Rep. Boyle, Brendan F. [D-PA-2]
Brendan
Boyle
D
PA
F.
2
2023-09-26
False
- C001119
Rep. Craig, Angie [D-MN-2]
Angie
Craig
D
MN
2
2023-09-26
False
- W000826
Rep. Wild, Susan [D-PA-7]
Susan
Wild
D
PA
7
2023-09-26
False
- R000603
Rep. Rouzer, David [R-NC-7]
David
Rouzer
R
NC
7
2023-09-27
False
- C001054
Rep. Carl, Jerry L. [R-AL-1]
Jerry
Carl
R
AL
L.
1
2023-09-27
False
- F000471
Rep. Fitzgerald, Scott [R-WI-5]
Scott
Fitzgerald
R
WI
5
2023-09-27
False
- A000379
Rep. Alford, Mark [R-MO-4]
Mark
Alford
R
MO
4
2023-09-28
False
- B001275
Rep. Bucshon, Larry [R-IN-8]
Larry
Bucshon
R
IN
8
2023-10-06
False
- D000629
Rep. Davids, Sharice [D-KS-3]
Sharice
Davids
D
KS
3
2023-10-06
False
- K000389
Rep. Khanna, Ro [D-CA-17]
Ro
Khanna
D
CA
17
2023-10-06
False
- B001278
Rep. Bonamici, Suzanne [D-OR-1]
Suzanne
Bonamici
D
OR
1
2023-10-11
False
- G000576
Rep. Grothman, Glenn [R-WI-6]
Glenn
Grothman
R
WI
6
2023-10-11
False
- P000620
Rep. Pettersen, Brittany [D-CO-7]
Brittany
Pettersen
D
CO
7
2023-10-11
False
- T000467
Rep. Thompson, Glenn [R-PA-15]
Glenn
Thompson
R
PA
15
2023-10-16
False
- F000466
Rep. Fitzpatrick, Brian K. [R-PA-1]
Brian
Fitzpatrick
R
PA
K.
1
2023-10-16
False
- S001213
Rep. Steil, Bryan [R-WI-1]
Bryan
Steil
R
WI
1
2023-10-16
False
- S001145
Rep. Schakowsky, Janice D. [D-IL-9]
JANICE
SCHAKOWSKY
D
IL
D.
9
2023-10-16
False
- K000380
Rep. Kildee, Daniel T. [D-MI-8]
Daniel
Kildee
D
MI
T.
8
2023-10-16
False
- R000576
Rep. Ruppersberger, C. A. Dutch [D-MD-2]
C. A.
Ruppersberger
D
MD
Dutch
2
2023-10-16
False
- B001285
Rep. Brownley, Julia [D-CA-26]
Julia
Brownley
D
CA
26
2023-10-16
False
- P000616
Rep. Phillips, Dean [D-MN-3]
Dean
Phillips
D
MN
3
2023-10-16
False
- S001156
Rep. Sánchez, Linda T. [D-CA-38]
Linda
Sánchez
D
CA
T.
38
2023-11-01
False
- K000385
Rep. Kelly, Robin L. [D-IL-2]
Robin
Kelly
D
IL
L.
2
2023-11-08
False
- F000474
Rep. Flood, Mike [R-NE-1]
Mike
Flood
R
NE
1
2023-11-08
False
- V000131
Rep. Veasey, Marc A. [D-TX-33]
Marc
Veasey
D
TX
A.
33
2023-12-07
False
- E000296
Rep. Evans, Dwight [D-PA-3]
Dwight
Evans
D
PA
3
2023-12-07
False
- C001134
Rep. Caraveo, Yadira [D-CO-8]
Yadira
Caraveo
D
CO
8
2023-12-07
False
- G000546
Rep. Graves, Sam [R-MO-6]
SAM
GRAVES
R
MO
6
2023-12-13
False
- S001199
Rep. Smucker, Lloyd [R-PA-11]
Lloyd
Smucker
R
PA
11
2023-12-13
False
- L000585
Rep. LaHood, Darin [R-IL-16]
Darin
LaHood
R
IL
16
2023-12-14
False
- K000397
Rep. Kim, Young [R-CA-40]
Young
Kim
R
CA
40
2024-01-25
False
- L000266
Rep. LaTurner, Jake [R-KS-2]
Jake
LaTurner
R
KS
2
2024-03-19
False
- J000301
Rep. Johnson, Dusty [R-SD-At Large]
Dusty
Johnson
R
SD
0
2024-05-01
False
- B001298
Rep. Bacon, Don [R-NE-2]
Don
Bacon
R
NE
2
2024-05-22
False
- M001194
Rep. Moolenaar, John R. [R-MI-2]
John
Moolenaar
R
MI
R.
2
2024-06-13
False
- N000191
Rep. Neguse, Joe [D-CO-2]
Joe
Neguse
D
CO
2
2024-06-26
False
- C001114
Rep. Curtis, John R. [R-UT-3]
John
Curtis
R
UT
R.
3
2024-07-23
False
- P000613
Rep. Panetta, Jimmy [D-CA-19]
Jimmy
Panetta
D
CA
19
2024-07-23
False
- C001061
Rep. Cleaver, Emanuel [D-MO-5]
Emanuel
Cleaver
D
MO
5
2024-07-23
False
- A000055
Rep. Aderholt, Robert B. [R-AL-4]
Robert
Aderholt
R
AL
B.
4
2024-08-02
False
- S001226
Rep. Salinas, Andrea [D-OR-6]
Andrea
Salinas
D
OR
6
2024-08-02
False
- C001130
Rep. Crockett, Jasmine [D-TX-30]
Jasmine
Crockett
D
TX
30
2024-08-16
False
- C001126
Rep. Carey, Mike [R-OH-15]
Mike
Carey
R
OH
15
2024-09-12
False
- S001214
Rep. Steube, W. Gregory [R-FL-17]
W.
Steube
R
FL
Gregory
17
2024-09-12
False
- L000600
Rep. Langworthy, Nicholas A. [R-NY-23]
Nicholas
Langworthy
R
NY
A.
23
2024-10-04
False
- N000193
Rep. Nunn, Zachary [R-IA-3]
Zachary
Nunn
R
IA
3
2024-10-04
False
- D000623
Rep. DeSaulnier, Mark [D-CA-10]
Mark
DeSaulnier
D
CA
10
2024-11-21
False
- M001160
Rep. Moore, Gwen [D-WI-4]
Gwen
Moore
D
WI
4
2024-12-05
False
- C001055
Rep. Case, Ed [D-HI-1]
Ed
Case
D
HI
1
2024-12-05
False
- S001190
Rep. Schneider, Bradley Scott [D-IL-10]
Bradley
Schneider
D
IL
Scott
10
2024-12-06
False
- S001201
Rep. Suozzi, Thomas R. [D-NY-3]
Thomas
Suozzi
D
NY
R.
3
2024-12-10
False
- S001172
Rep. Smith, Adrian [R-NE-3]
Adrian
Smith
R
NE
3
2024-12-17
False
- P000614
Rep. Pappas, Chris [D-NH-1]
Chris
Pappas
D
NH
1
2024-12-19
False
Taxation
Taxation
2023-08-28T14:45:19Z
00
2023-07-26
Introduced in House
2023-09-26T17:39:16Z
Promotion and Expansion of Private Employee Ownership Act of 2023
This bill accelerates to the enactment date of this bill the deferral of tax (currently, after December 31, 2027) on sales of employer stock to employee stock ownership plans (ESOPs) sponsored by S corporations. It also eliminates the limitation on the amount that may be deferred.
The Department of the Treasury must establish the S Corporation Employee Ownership Assistance Office to foster increased employee ownership of S corporations. The office must provide education and outreach about the benefits of employee ownership of S corporations and technical assistance to assist S corporations in sponsoring ESOPs.
The bill directs the Department of Labor to appoint an Advocate for Employee Ownership.

Promotion and Expansion of Private Employee Ownership Act of 2023
- Display Title
45

Promotion and Expansion of Private Employee Ownership Act of 2023
2024-06-11T15:41:04Z
- Short Title(s) as Introduced
101

Promotion and Expansion of Private Employee Ownership Act of 2023
2024-05-24T13:37:25Z
Introduced in House
IH
- Official Title as Introduced
6

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.
2024-03-18T21:14:32Z
Introduced in House
IH
- Introduced in House
2023-07-26T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr4896ih/xml/BILLS-118hr4896ih.xml
2023-07-26
Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, and Education and the Workforce, 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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