S 2461
Promotion and Expansion of Private Employee Ownership Act of 2025
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 8:35 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the Promotion and Expansion of Private Employee Ownership Act of 2025, aims to encourage more businesses to offer employee stock ownership plans (ESOPs) to their workers. It does this by modifying tax laws to allow for a full tax deferral on sales of stock to ESOPs, establishing a Treasury Assistance Office to provide guidance to companies, and creating an Advocate for Employee Ownership within the Department of Labor to promote employee ownership and address related challenges. The bill also clarifies definitions and eligibility for small businesses participating in ESOPs.
Sponsors
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Primary sponsor
Cosponsors
Angus S., Jr. King
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