Promotion and Expansion of Private Employee Ownership Act of 2025

This bill aims to make it easier for companies taxed as S corporations to create and grow employee stock ownership plans (ESOPs). It does this by changing parts of the tax code and the Small Business Act to expand access to employee ownership, and by establishing an Advocate for employee ownership to help promote and support these plans .

In short, it encourages more businesses to share ownership with their workers, which can help employees build wealth and keep jobs local. Details on specific tax changes or dates aren’t provided in the text available here, but the focus is clear: broaden ESOP use among S corporations and provide a point person in government to guide and support employee ownership efforts .

• Key points:
  • Who is affected: S corporations, their employees, and communities served by these businesses .
  • What changes: Expands access to ESOPs and creates an Advocate for employee ownership to support and promote these plans .
  • When: The provided text does not specify timing or effective dates .