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United States · Bill · HR

H.R. 2705 (104th)

American Profit Sharing Act

referredUnited States· United States Congress· EN

Introduced

5 December 1995

Last action

22 December 1995 · Referred

Status

Referred to the Subcommittee on Employer-Employee Relations.

Sponsors

Rep. Fattah, Chaka [D-PA-2], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Kaptur, Marcy [D-OH-9], Rep. Klink, Ron [D-PA-4], Rep. Martinez, Matthew G. [D-CA-31], Rep. Owens, Major R. [D-NY-11], Rep. Borski, Robert A. [D-PA-3], Rep. Hilliard, Earl F. [D-AL-7], Rep. Gibbons, Sam [D-FL-11], Rep. Waters, Maxine [D-CA-43], Rep. Schroeder, Patricia [D-CO-1], Rep. Lewis, John [D-GA-5], Rep. Jackson, Jesse L., Jr. [D-IL-2], Rep. Barrett, Thomas M. [D-WI-5], Rep. Cummings, Elijah E. [D-MD-7], Rep. Clyburn, James E. [D-SC-6], Rep. Collins, Barbara-Rose [D-MI-15], Rep. Collins, Cardiss [D-IL-7], Rep. DeFazio, Peter A. [D-OR-4], Rep. Doyle, Michael F. [D-PA-14], Rep. Meek, Carrie P. [D-FL-17], Rep. Towns, Edolphus [D-NY-10], Rep. Millender-McDonald, Juanita [D-CA-37], Rep. Baldacci, John Elias [D-ME-2], Rep. Bishop, Sanford D. [D-GA-2], Rep. Coyne, William J. [D-PA-14], Rep. Gutierrez, Luis V. [D-IL-4], Rep. Jackson Lee, Sheila [D-TX-18], Rep. Johnson, Eddie Bernice [D-TX-30], Rep. Mascara, Frank [D-PA-20], Rep. Moran, James P. [D-VA-8], Rep. Scott, Robert C. "Bobby" [D-VA-3], Rep. Holden, Tim [D-PA-17], Rep. Bonior, David E. [D-MI-10], Rep. Clay, William (Bill) [D-MO-1], Rep. Dellums, Ronald V. [D-CA-9], Rep. Filner, Bob [D-CA-51], Rep. Foglietta, Thomas M. [D-PA-1], Rep. Ford, Harold E. [D-TN-9], Rep. Kanjorski, Paul E. [D-PA-11], Rep. McCarthy, Karen [D-MO-5], Rep. McHale, Paul [D-PA-15], Rep. Payne, Donald M. [D-NJ-10], Rep. Richardson, Bill [D-NM-3], Rep. Watt, Melvin L. [D-NC-12], Rep. Brown, Corrine [D-FL-5], Rep. Dixon, Julian C. [D-CA-32], Rep. Eshoo, Anna G. [D-CA-18]

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: (1) has been in existence for at least ten prior years; (2) has more than five full-time employees (or their equivalent) at any time during the year; and (3) has a gross income exceeding $10 million.

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

Timeline

  1. 5 December 1995

    Introduced

    Referred to the Committee on Government Reform and Oversight, and in addition to the Committee on Economic and Educational Opportunities, 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. 5 December 1995

    Introduced

    Referred to the Committee on Government Reform and Oversight, and in addition to the Committee on Economic and Educational Opportunities, 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. 5 December 1995

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 5 December 1995

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 11 December 1995

    Referred

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

    Source: Committee

  6. 22 December 1995

    Referred

    Referred to the Subcommittee on Employer-Employee Relations.

    Source: Committee

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 · 5 December 1995

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 5 December 1995

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 5 December 1995

    Open at official source

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Sponsors

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Related records

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Sources

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