3.0.0
5011
2025-12-05T08:08:21Z
2025-12-05T08:08:21Z
House
H
HR
2023-07-27
118
https://www.congress.gov/bill/118th-congress/house-bill/5011
[Congressional Record Volume 169, Number 130 (Thursday, July 27, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. KELLY of Pennsylvania:H.R. 5011.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.By Mrs. KIM of CaliforniaH.R. 5012.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8.The single subject of this legislation is:To improve research and data collection on stillbirths, andfor other purposes.[Page H4145]
- hsed00
Education and Workforce Committee
House
Standing
  - Referred To
2023-07-27T14:12:10Z
- hssm00
Small Business Committee
House
Standing
  - Referred To
2023-07-27T14:12:05Z
- hswm00
Ways and Means Committee
House
Standing
  - Referred To
2023-07-27T14:12:00Z

- Promotion and Expansion of Private Employee Ownership Act of 2023
118
4896
HR
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.
  - 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
- 2023-07-27
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.
IntroReferral
H11100
2
House floor actions
  - hsed00
Education and Workforce Committee
- 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.
IntroReferral
H11100
2
House floor actions
  - hssm00
Small Business Committee
- 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.
IntroReferral
H11100
2
House floor actions
  - hswm00
Ways and Means Committee
- 2023-07-27
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2023-07-27
Introduced in House
IntroReferral
1000
9
Library of Congress
- K000376
Rep. Kelly, Mike [R-PA-16]
Mike
Kelly
R
PA
16
N
- B000574
Rep. Blumenauer, Earl [D-OR-3]
EARL
BLUMENAUER
D
OR
3
2023-07-27
True
- W000815
Rep. Wenstrup, Brad R. [R-OH-2]
Brad
Wenstrup
R
OH
R.
2
2023-07-27
True
- M001205
Rep. Miller, Carol D. [R-WV-1]
Carol
Miller
R
WV
D.
1
2023-07-27
True
- E000298
Rep. Estes, Ron [R-KS-4]
Ron
Estes
R
KS
4
2023-07-27
True
- P000096
Rep. Pascrell, Bill, Jr. [D-NJ-9]
WILLIAM
PASCRELL
D
NJ
J.
9
2023-07-27
True
- D000096
Rep. Davis, Danny K. [D-IL-7]
DANNY
DAVIS
D
IL
K.
7
2023-07-27
True
- S001185
Rep. Sewell, Terri A. [D-AL-7]
Terri
Sewell
D
AL
A.
7
2023-07-27
True
Taxation
Taxation
2023-08-28T21:08:08Z
00
2023-07-27
Introduced in House
2023-09-26T17:40:22Z
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
2024-07-24T15:20:49Z
- Short Title(s) as Introduced
101

Promotion and Expansion of Private Employee Ownership Act of 2023
2024-05-24T13:37:27Z
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.
2024-03-18T21:15:19Z
Introduced in House
IH
- Introduced in House
2023-07-27T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr5011ih/xml/BILLS-118hr5011ih.xml
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.
text/xml
EN
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