HR 6492
ESOP Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 13, 2026, 4:10 PM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the ESOP Act, modifies a program within the Department of Defense that encourages the use of employee-owned businesses as contractors. Specifically, it lowers the percentage of stock an employee stock ownership plan (ESOP) must hold to qualify for the pilot program. This change increases the minimum percentage of stock an ESOP needs to own to 30% instead of 100%, making it easier for smaller employee-owned businesses to participate in Department of Defense contracts. The bill also clarifies the language used to describe ownership requirements within the relevant legislation.
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