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United States · Bill · HR

H.R. 4837 (113th)

Promotion and Expansion of Private Employee Ownership Act of 2014

referredUnited States· United States Congress· EN

Introduced

11 June 2014

Last action

17 November 2014 · Referred

Status

Referred to the Subcommittee on Health, Employment, Labor, and Pensions.

Sponsors

Rep. Reichert, David G. [R-WA-8], Rep. Kind, Ron [D-WI-3], Rep. Tiberi, Patrick J. [R-OH-12], Rep. Boustany, Charles W., Jr. [R-LA-3], Rep. Paulsen, Erik [R-MN-3], Rep. Neal, Richard E. [D-MA-1], Rep. Pascrell, Bill, Jr. [D-NJ-9], Rep. Blumenauer, Earl [D-OR-3], Rep. Ruppersberger, C. A. Dutch [D-MD-2], Rep. Fitzpatrick, Michael G. [R-PA-8], Rep. Bonamici, Suzanne [D-OR-1], Rep. Moore, Gwen [D-WI-4], Sen. Peters, Gary C. [D-MI], Rep. Jenkins, Lynn [R-KS-2], Rep. Roskam, Peter J. [R-IL-6], Rep. Thompson, Mike [D-CA-4], Rep. Courtney, Joe [D-CT-2], Rep. Reed, Tom [R-NY-23], Rep. Connolly, Gerald E. [D-VA-11], Rep. Schock, Aaron [R-IL-18], Rep. Holt, Rush [D-NJ-12], Rep. Goodlatte, Bob [R-VA-6], Rep. Thompson, Glenn [R-PA-15], Rep. Peterson, Collin C. [D-MN-7], Rep. Kuster, Ann M. [D-NH-2], Rep. Lewis, John [D-GA-5], Rep. Loebsack, David [D-IA-2], Rep. Cleaver, Emanuel [D-MO-5], Rep. Schakowsky, Janice D. [D-IL-9], Rep. Negrete McLeod, Gloria [D-CA-35], Rep. Black, Diane [R-TN-6], Rep. Marino, Tom [R-PA-10], Rep. McMorris Rodgers, Cathy [R-WA-5], Sen. Cramer, Kevin [R-ND], Rep. Davis, Danny K. [D-IL-7], Rep. Sensenbrenner, F. James, Jr. [R-WI-5], Rep. Smith, Jason [R-MO-8], Rep. Yoder, Kevin [R-KS-3]

Subjects

Taxation

Source updated

23 March 2026

Taxation

Official sourceDownload fileView documentsShare

Summary

Promotion and Expansion of Private Employee Ownership Act of 2014 - Amends the Internal Revenue Code to: (1) extend to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer securities to an S corporation-sponsored employer stock ownership plan (ESOP); and (2) allow a tax deduction for 50% of the interest incurred on loans to S corporation-sponsored ESOPs for the purchase of employer securities. Directs the Secretary of the Treasury to establish the S Corporation Employee Ownership Assistance Office to foster increased employee ownership of S corporations. Amends the Small Business Act to define "ESOP business concern" and allow such a concern to continue to qualify for loans, preferences, and other programs under such Act.

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

Timeline

  1. 11 June 2014

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 11 June 2014

    Introduced

    Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and Small Business, 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 June 2014

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 17 November 2014

    Referred

    Referred to the Subcommittee on Health, Employment, Labor, and Pensions.

    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 · 11 June 2014

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 11 June 2014

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 11 June 2014

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Sponsors

Related records

Sources

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