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United States · Bill · HR

H.R. 2468 (105th)

American Profit Sharing Act

referredUnited States· United States Congress· EN

Introduced

11 September 1997

Last action

Status

Referred to the Subcommittee on Employer-Employee Relations.

Sponsors

Subjects

Discovery layer

Source updated

23 March 2026

Summary

American Profit Sharing Act - Permits the provision of Federal contracts and certain Federal subsidies only to businesses which have a stock bonus or profit-sharing plan. Excepts start-up small businesses for one year unless such business has: (1) been in existence for at least ten prior years; (2) more than five full-time employees (or their equivalent) at any time during the year; and (3) a gross income exceeding $10 million.

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Documents

3 official files

Introduced in House (text)

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Sources

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