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 <pre>[Congressional Record Volume 169, Number 130 (Thursday, July 27, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]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]</pre> 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 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 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 <p><strong>Promotion and Expansion of Private Employee Ownership Act of 2023</strong></p> <p> 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.</p> <p> 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. </p> <p>The bill directs the Department of Labor to appoint an Advocate for Employee Ownership.</p>

Display Title 45 2024-07-24T15:20:49Z Short Title(s) as Introduced 101 2024-05-24T13:37:27Z Introduced in House IH Official Title as Introduced 6 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 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.