ESOP Promotion and Improvement Act of 1990

Summary

ESOP Promotion and Improvement Act of 1990 - Amends the Internal Revenue Code to allow S corporations (certain small business corporations) to participate in employee stock ownership plans (ESOPs). Extends the ESOP exception to the ten percent early withdrawal penalty tax to certain ESOP distributions to employees made at any time. (Currently the exception applies only to distributions made before January 1, 1990.) Permits ESOP participants whose compensation does not exceed a certain amount to contribute up to 50 percent of it to the plan. Amends the Federal Election Campaign Act of 1971 to permit payroll deductions for ESOP participants to make certain political contributions.

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Timeline

1. 8 March 1990

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 8 March 1990

   Introduced

   Introduced in House

   Source: IntroReferral

3. 8 March 1990

   Introduced

   Introduced in House

   Source: IntroReferral

4. 14 March 1990

   Referred

   Referred to the Subcommittee on Elections.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 8 March 1990

  Open at official source

Sponsors

• Rep. Anthony, Beryl, Jr. [D-AR-4] · D · Sponsor
• Rep. Ballenger, Cass [R-NC-10] · R · Sponsor
• DANA ROHRABACHER · R · Sponsor
• Rep. Vander Jagt, Guy [R-MI-9] · R · Sponsor
• Rep. Ford, Harold E. [D-TN-8] · D · Sponsor
• Rep. Crane, Philip M. [R-IL-12] · R · Sponsor
• Rep. Matsui, Robert T. [D-CA-3] · D · Sponsor
• Rep. Hayes, Charles A. [D-IL-1] · D · Sponsor
• Rep. Smith, Peter [R-VT-At Large] · R · Sponsor
• Rep. Armey, Richard K. [R-TX-26] · R · Sponsor
• Rep. Solomon, Gerald B. H. [R-NY-24] · R · Sponsor
• JOHN DUNCAN · R · Sponsor
• Rep. Paxon, Bill [R-NY-31] · R · Sponsor
• Rep. Dymally, Mervyn M. [D-CA-31] · D · Sponsor
• Rep. Rahall, Nick J., II [D-WV-4] · D · Sponsor
• Rep. Jontz, Jim [D-IN-5] · D · Sponsor
• Rep. Goodling, William F. [R-PA-19] · R · Cosponsor
• Rep. Johnson, Nancy L. [R-CT-6] · R · Cosponsor
• Rep. Rangel, Charles B. [D-NY-19] · D · Cosponsor
• Rep. Sundquist, Don [R-TN-7] · R · Cosponsor
• Rep. Hastert, J. Dennis [R-IL-14] · R · Cosponsor
• Rep. Sharp, Philip R. [D-IN-10] · D · Cosponsor
• JOE BARTON · R · Cosponsor
• Rep. Thomas, Craig [R-WY-At Large] · R · Cosponsor
• Rep. Goss, Porter J. [R-FL-13] · R · Cosponsor
• Rep. Hancock, Mel [R-MO-7] · R · Cosponsor
• Rep. Douglas, Chuck [R-NH-2] · R · Cosponsor
• Rep. Hyde, Henry J. [R-IL-6] · R · Cosponsor
• Rep. Kyl, Jon [R-AZ-4] · R · Cosponsor
• Rep. Vucanovich, Barbara F. [R-NV-2] · R · Cosponsor
• Rep. Shays, Christopher [R-CT-4] · R · Cosponsor
• Rep. Wolf, Frank R. [R-VA-10] · R · Cosponsor
• Rep. McCollum, Bill [R-FL-5] · R · Cosponsor
• Rep. Madigan, Edward R. [R-IL-21] · R · Cosponsor
• Rep. Ravenel, Arthur, Jr. [R-SC-1] · R · Cosponsor
• Rep. Jacobs, Andrew, Jr. [D-IN-11] · D · Cosponsor
• Rep. McCrery, Jim [R-LA-4] · R · Cosponsor
• Rep. Herger, Wally [R-CA-2] · R · Cosponsor
• Rep. DeLay, Tom [R-TX-22] · R · Cosponsor
• Rep. Packard, Ron [R-CA-43] · R · Cosponsor
• Rep. Gunderson, Steve [R-WI-3] · R · Cosponsor
• Rep. Regula, Ralph [R-OH-16] · R · Cosponsor
• Rep. Baker, Richard H. [R-LA-6] · R · Cosponsor
• Rep. Bliley, Tom [R-VA-3] · R · Cosponsor
• Rep. Buechner, Jack [R-MO-2] · R · Cosponsor
• Rep. McEwen, Bob [R-OH-6] · R · Cosponsor
• Rep. McMillan, J. Alex [R-NC-9] · R · Cosponsor
• Rep. Jenkins, Edgar L. [D-GA-9] · D · Cosponsor

Showing 48 of 61 sponsors and actors.

Related records

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