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Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, and Education and 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.
Introduced April 30, 2025 by Mike Kelly · Last progress 10 months ago
Changes tax rules for sales of S-corporation stock to employee stock ownership plans (ESOPs), establishes new federal assistance offices for S-corporation employee ownership, and ensures ESOP-owned firms count as small businesses for SBA programs. It instructs Treasury to create a dedicated S Corporation Employee Ownership Assistance Office within 90 days, creates an Office of the Advocate for Employee Ownership at the Department of Labor, and repeals a specific tax code subsection for sales after enactment.
Promotion and Expansion of Private Employee Ownership Act of 2025