Promotion and Expansion of Private Employee Ownership Act of 2025
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill, the Promotion and Expansion of Private Employee Ownership Act of 2025, aims to increase employee ownership of businesses through employee stock ownership plans (ESOPs). It does this by modifying tax rules to allow for a full deferral of taxes on sales of stock to ESOPs, establishing a Treasury Assistance Office to provide guidance to S corporations, and creating an Advocate for Employee Ownership within the Department of Labor to promote employee ownership initiatives. The bill also clarifies eligibility for small business programs for ESOP-owned businesses.
Key provisions
- Allows for a full deferral of tax on sales of employer stock to ESOPs.
- Establishes a S Corporation Employee Ownership Assistance Office within the Department of the Treasury.
- Creates an Advocate for Employee Ownership within the Department of Labor to promote employee ownership.
- Redefines eligibility for small business programs for ESOP-owned businesses.
- Expands the definition of an ESOP business concern.
- Requires the Secretary of Labor to appoint an Advocate for Employee Ownership.
- Mandates the Advocate for Employee Ownership to provide public education and assistance related to employee ownership.
- Requires the Advocate for Employee Ownership to coordinate with other federal agencies and state/local governments.
Who is affected
- Employees
- Small business owners
- S corporations
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
60 on record
Primary sponsor
Cosponsors
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours