S305
An Act promoting entrepreneurship through employee ownership
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill aims to encourage more businesses in Massachusetts to establish employee ownership programs. It seeks to promote the idea that when employees have a stake in a company, often through stock options or similar arrangements, it can benefit both the business and its workforce. The bill intends to foster entrepreneurship and economic growth by aligning employee interests with those of the company. It’s part of a broader effort to support businesses and create a more equitable economy.
Key provisions
- Encourages businesses to offer employee ownership opportunities.
- Supports employee ownership through mechanisms like stock options.
- Aims to foster entrepreneurship and economic development.
- Related to a study order (JR10) examining related issues.
Who is affected
- Businesses in Massachusetts
- Employees of businesses in Massachusetts
- Entrepreneurs
- Investors
Sponsors
Official sponsors from legislative records.
Primary sponsor
Paul W. Mark
Cosponsors
Carmine Lawrence Gentile
Joanne M. Comerford
Arguments in favor
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Bill S.305 194th (Current)
An Act promoting entrepreneurship through employee ownership
By Mr. Mark, a petition (accompanied by bill, Senate, No. 305) of Paul W. Mark and Julian Cyr for legislation to encourage businesses to give their employees a stake in the company, often through stock options or Employee Stock Ownership. Economic Development and Emerging Technologies.
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Bill Information
Bill Information
Presenter: Paul W. Mark
Tabs
Bill History Petitioners Primary Sponsor Summary
Bill History
Displaying 5 actions for Bill S.305
| Date | Branch | Action |
| 2/27/2025 | Senate | Referred to the committee on Economic Development and Emerging Technologies |
| 2/27/2025 | House | House concurred |
| 5/29/2025 | Joint | Hearing scheduled for 06/05/2025 from 11:00 AM-01:00 PM in A-2 |
| 1/15/2026 | Senate | Reporting date extended to Friday March 6, 2026 |
| 3/19/2026 | Senate | Accompanied a study order (under JR10), see S3023 |
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