Promotion and Expansion of Private Employee Ownership Act of 2025

This bill aims to make it easier for workers to own part of the companies they work for. It would change the tax code and the Small Business Act to expand employee stock ownership plans (ESOPs) in S corporations. It also creates a new “Advocate for employee ownership” to help push this goal forward.

• Who is affected: Employees and owners of S corporations; small businesses considering employee ownership.
• What changes: Updates to tax and small‑business rules to make ESOPs more available; a new Advocate role focused on employee ownership.
• Why it matters: More workers could share in company growth and build wealth through ownership opportunities.