Skip to content
PoliticalRepoPoliticalRepo

United States · Bill · HR

H.R. 2258 (116th)

Promotion and Expansion of Private Employee Ownership Act of 2019

referredUnited States· United States Congress· EN

Introduced

10 April 2019

Last action

10 April 2019 · Introduced

Status

Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, 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. Kind, Ron [D-WI-3], Rep. Smith, Jason [R-MO-8], Rep. Blumenauer, Earl [D-OR-3], Rep. Kelly, Mike [R-PA-16], Rep. Reed, Tom [R-NY-23], Rep. Pascrell, Bill, Jr. [D-NJ-9], Rep. Kelly, Robin L. [D-IL-2], Rep. Norman, Ralph [R-SC-5], Rep. Fitzpatrick, Brian K. [R-PA-1], Rep. Wenstrup, Brad R. [R-OH-2], Rep. Thompson, Glenn [R-PA-15], Rep. Wild, Susan [D-PA-7], Sen. Welch, Peter [D-VT], Rep. Pingree, Chellie [D-ME-1], Rep. Golden, Jared F. [D-ME-2], Rep. Estes, Ron [R-KS-4], Rep. Davis, Rodney [R-IL-13], Rep. Loebsack, David [D-IA-2], Van Taylor, Rep. Phillips, Dean [D-MN-3], Rep. Boyle, Brendan F. [D-PA-2], Rep. McMorris Rodgers, Cathy [R-WA-5], Rep. Higgins, Brian [D-NY-26], Rep. Gohmert, Louie [R-TX-1], Jim Hagedorn, Rep. Moore, Gwen [D-WI-4], Rep. Kildee, Daniel T. [D-MI-5], Rep. Barr, Andy [R-KY-6], Sen. Marshall, Roger [R-KS], Rep. Brooks, Mo [R-AL-5], Rep. Walorski, Jackie [R-IN-2], Rep. Wagner, Ann [R-MO-2], Rep. LaHood, Darin [R-IL-16], Rep. Cisneros, Gilbert Ray [D-CA-31], Rep. Kuster, Ann M. [D-NH-2], Rep. Davis, Danny K. [D-IL-7], Steve Watkins, Rep. Sewell, Terri A. [D-AL-7], Sen. Budd, Ted [R-NC], Rep. Khanna, Ro [D-CA-17], Rep. Cleaver, Emanuel [D-MO-5], Rep. Steil, Bryan [R-WI-1], Rep. Finkenauer, Abby [D-IA-1], Rep. Evans, Dwight [D-PA-3], Rep. Barragán, Nanette Diaz [D-CA-44], Rep. Comer, James [R-KY-1], Rep. Smith, Adrian [R-NE-3], Rep. Porter, Katie [D-CA-47]

Subjects

Taxation

Source updated

21 July 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Promotion and Expansion of Private Employee Ownership Act of 201 9 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. 10 April 2019

    Introduced

    Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, 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. 10 April 2019

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 10 April 2019

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

View fileDownload file

This file cannot be previewed here. Use View or Download.

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Introduced in House (text)

    Introduced in House · EN · 10 April 2019

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 10 April 2019

    ViewDownloadOpen at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Introduced in House

    summary · EN · 10 April 2019

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Showing 48 of 56 sponsors and actors.

Related records

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.