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United States · Bill · S

S. 2515 (118th)

Promotion and Expansion of Private Employee Ownership Act of 2023

referredUnited States· United States Congress· EN

Introduced

26 July 2023

Last action

26 July 2023 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Cardin, Benjamin L. [D-MD], Sen. Daines, Steve [R-MT], Sen. Stabenow, Debbie [D-MI], Sen. Crapo, Mike [R-ID], Sen. Brown, Sherrod [D-OH], Sen. Grassley, Chuck [R-IA], Sen. Van Hollen, Chris [D-MD], Sen. Barrasso, John [R-WY], Sen. Klobuchar, Amy [D-MN], Sen. Young, Todd [R-IN], Sen. Tester, Jon [D-MT], Sen. Cassidy, Bill [R-LA], Sen. Booker, Cory A. [D-NJ], Sen. Blackburn, Marsha [R-TN], Sen. Smith, Tina [D-MN], Sen. Risch, James E. [R-ID], Sen. Sanders, Bernard [I-VT], Sen. Collins, Susan M. [R-ME], Sen. King, Angus S., Jr. [I-ME], Sen. Moran, Jerry [R-KS], Sen. Reed, Jack [D-RI], Sen. Welch, Peter [D-VT], Sen. Whitehouse, Sheldon [D-RI], Sen. Thune, John [R-SD], Sen. Cantwell, Maria [D-WA], Sen. Tillis, Thomas [R-NC], Sen. Shaheen, Jeanne [D-NH], Sen. Braun, Mike [R-IN], Sen. Scott, Rick [R-FL], Sen. Casey, Robert P., Jr. [D-PA], Sen. Peters, Gary C. [D-MI], Sen. Schmitt, Eric [R-MO], Sen. Fetterman, John [D-PA], Sen. Boozman, John [R-AR], Sen. Coons, Christopher A. [D-DE], Sen. Hirono, Mazie K. [D-HI], Sen. Ricketts, Pete [R-NE], Sen. Hassan, Margaret Wood [D-NH], Sen. Kennedy, John [R-LA], Sen. Fischer, Deb [R-NE], Sen. Baldwin, Tammy [D-WI]

Subjects

Taxation, Education

Source updated

5 December 2025

Taxation · Education

Official sourceDownload fileView documentsShare

Summary

Promotion and Expansion of Private Employee Ownership Act of 2023 This bill accelerates to the enactment date of this bill the deferral of tax (currently, after December 31, 2027) on sales of employer stock to employee stock ownership plans (ESOPs) sponsored by S corporations. It also eliminates the limitation on the amount that may be deferred. The Department of the Treasury must establish the S Corporation Employee Ownership Assistance Office to foster increased employee ownership of S corporations. The office must provide education and outreach about the benefits of employee ownership of S corporations and technical assistance to assist S corporations in sponsoring ESOPs. The bill directs the Department of Labor to appoint an Advocate for Employee Ownership.

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

Timeline

  1. 26 July 2023

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 26 July 2023

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 26 July 2023

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 26 July 2023

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 26 July 2023

    Open at official source

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Sponsors

Related records

Sources

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