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United States · Bill · HR

H.R. 4241 (98th)

A bill to amend the Internal Revenue Code of 1954 with respect to the treatment of employee stock ownership plans.

referredUnited States· United States Congress· EN

Introduced

27 October 1983

Last action

Status

Referred to House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

Amends the Internal Revenue Code to require employee stock ownership plans to permit plan participants to maintain voting control over employer securities allocated to their respective accounts, whether or not such securities are publicly or privately traded. Requires stock ownership plans to adopt a consistent formula for valuing securites contributed to such plans upon both contribution to, and withdrawal from, the plan.

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Documents

1 official file

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Sources

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