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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

26 September 1997 · Referred

Status

Referred to the Subcommittee on Employer-Employee Relations.

Sponsors

Rep. Fattah, Chaka [D-PA-2], Rep. Filner, Bob [D-CA-51], Rep. Hastings, Alcee L. [D-FL-20], Rep. Borski, Robert A. [D-PA-3], Rep. Kaptur, Marcy [D-OH-9], Rep. Bonior, David E. [D-MI-10], Rep. Olver, John W. [D-MA-1], Del. Christensen, Donna M. [D-VI-At Large], Rep. Sabo, Martin Olav [D-MN-5], Rep. Hilliard, Earl F. [D-AL-7], Rep. Barrett, Thomas M. [D-WI-5], Del. Faleomavaega, Eni F. H. [D-AS-At Large], Rep. Lipinski, William O. [D-IL-3], Rep. Gutierrez, Luis V. [D-IL-4], Rep. Clay, William (Bill) [D-MO-1], Rep. Brown, Corrine [D-FL-5], Rep. Martinez, Matthew G. [D-CA-31], Rep. Hinchey, Maurice D. [D-NY-22], Rep. Bishop, Sanford D. [D-GA-2], Rep. McGovern, James P. [D-MA-2], Rep. Towns, Edolphus [D-NY-10], Rep. Millender-McDonald, Juanita [D-CA-37], Rep. Jackson Lee, Sheila [D-TX-18], Rep. Johnson, Eddie Bernice [D-TX-30], Rep. Cummings, Elijah E. [D-MD-7], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. DeFazio, Peter A. [D-OR-4], Rep. Stokes, Louis [D-OH-11], Rep. Holden, Tim [D-PA-17], Rep. Payne, Donald M. [D-NJ-10], Sen. Sanders, Bernard [I-VT], Rep. Thompson, Bennie G. [D-MS-2], Rep. Wynn, Albert Russell [D-MD-4], Rep. Rangel, Charles B. [D-NY-15], Rep. Lee, Barbara [D-CA-12]

Subjects

Discovery layer

Source updated

23 March 2026

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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.

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

Timeline

  1. 11 September 1997

    Introduced

    Referred to House Government Reform

    Source: IntroReferral

  2. 11 September 1997

    Introduced

    Referred to the Committee on Government Reform and Oversight, and in addition to the Committee on Education and the Workforce, 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. 11 September 1997

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 11 September 1997

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 16 September 1997

    Referred

    Referred to the Subcommittee on Government Management, Information and Technology.

    Source: Committee

  6. 26 September 1997

    Referred

    Referred to the Subcommittee on Employer-Employee Relations.

    Source: Committee

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 11 September 1997

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  • Introduced in House (PDF)

    Introduced in House · EN · 11 September 1997

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  • Introduced in House

    summary · EN · 11 September 1997

    Open at official source

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Sponsors

Related records

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Sources

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