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United States · Bill · HR

H.R. 2092 (115th)

Promotion and Expansion of Private Employee Ownership Act of 2017

referredUnited States· United States Congress· EN

Introduced

12 April 2017

Last action

12 April 2017 · Introduced

Status

Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sponsors

Rep. Reichert, David G. [R-WA-8], Rep. Kind, Ron [D-WI-3], Rep. Tiberi, Patrick J. [R-OH-12], Rep. Blumenauer, Earl [D-OR-3], Rep. Paulsen, Erik [R-MN-3], Rep. Neal, Richard E. [D-MA-1], Rep. Pascrell, Bill, Jr. [D-NJ-9], Rep. Jenkins, Lynn [R-KS-2], Rep. Moore, Gwen [D-WI-4], Sen. Marshall, Roger [R-KS], Rep. Pingree, Chellie [D-ME-1], Rep. Young, David [R-IA-3], Rep. Loebsack, David [D-IA-2], Sen. Welch, Peter [D-VT], Rep. King, Steve [R-IA-4], Sen. Cramer, Kevin [R-ND], Rep. Polis, Jared [D-CO-2], Rep. Schakowsky, Janice D. [D-IL-9], Rep. Bonamici, Suzanne [D-OR-1], Rep. Barletta, Lou [R-PA-11], Rep. Noem, Kristi L. [R-SD-At Large], Rep. Kinzinger, Adam [R-IL-16], Rep. Walorski, Jackie [R-IN-2], Rep. Goodlatte, Bob [R-VA-6], Rep. Higgins, Brian [D-NY-26], Rep. Fitzpatrick, Brian K. [R-PA-1], Rep. Marino, Tom [R-PA-10], Rep. Kilmer, Derek [D-WA-6], Rep. Thompson, Mike [D-CA-4], Rep. Thompson, Glenn [R-PA-15], Rep. Yoder, Kevin [R-KS-3], Rep. Sensenbrenner, F. James, Jr. [R-WI-5], Rep. Gottheimer, Josh [D-NJ-5], Rep. Bacon, Don [R-NE-2], Rep. Walz, Timothy J. [D-MN-1], Rep. Calvert, Ken [R-CA-41], Sen. Gallego, Ruben [D-AZ], Rep. DesJarlais, Scott [R-TN-4], Rep. Smith, Lamar [R-TX-21], Rep. Chabot, Steve [R-OH-1], Rep. McMorris Rodgers, Cathy [R-WA-5], Rep. Messer, Luke [R-IN-6], Rep. Knight, Stephen [R-CA-25], Rep. Emmer, Tom [R-MN-6], Rep. Brownley, Julia [D-CA-26], Rep. Slaughter, Louise McIntosh [D-NY-25], Rep. Correa, J. Luis [D-CA-46], Rep. Sessions, Pete [R-TX-17]

Subjects

Taxation

Source updated

11 August 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Promotion and Expansion of Private Employee Ownership Act of 201 7 This bill expands tax incentives and federal assistance for employee stock ownership plans (ESOPs) that are sponsored by S corporations. The bill provides additional tax incentives for ESOPs by (1) extending to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer securities to an ESOP; and (2) allowing a tax deduction for 50% of the interest received by a bank on loans to S corporation-sponsored ESOPs for the purchase of employer securities. The Department of the Treasury must establish the S Corporation Employee Ownership Assistance Office to foster increased employee ownership of S corporations. The bill defines an "ESOP business concern" and allows such a concern to continue to qualify as a small business for the purposes of programs under the Small Business Act. An "ESOP business concern" is a business concern that was a small business concern eligible for a loan, preference, or other program under the Small Business Act before more than 49% of the business concern was acquired by an ESOP.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 12 April 2017

    Introduced

    Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Source: IntroReferral

  2. 12 April 2017

    Introduced

    Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Source: IntroReferral

  3. 12 April 2017

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 12 April 2017

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 12 April 2017

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  • Introduced in House (PDF)

    Introduced in House · EN · 12 April 2017

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  • Introduced in House

    summary · EN · 12 April 2017

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Sponsors

Showing 48 of 89 sponsors and actors.

Related records

Sources

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