Last progress April 30, 2025 (7 months ago)
Introduced on April 30, 2025 by Mike Kelly
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.
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.