United States · Bill · S
S. 488 (115th)
Encouraging Employee Ownership Act
Introduced
1 March 2017
Last action
18 July 2018 · Floor
Status
Message on House action received in Senate and at desk: House amendments to Senate bill.
Sponsors
Sen. Toomey, Patrick [R-PA], Sen. Warner, Mark R. [D-VA], Sen. Sasse, Ben [R-NE]
Subjects
Discovery layer
Source updated
5 December 2025
Summary
Encouraging Employee Ownership Act This bill requires the Securities and Exchange Commission to increase, from $5 million to $10 million, the 12-month sales threshold beyond which an issuer is required to provide investors with additional disclosures related to compensatory benefit plans.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
1 March 2017
Introduced
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Source: IntroReferral
1 March 2017
Introduced
Introduced in Senate
Source: IntroReferral
9 March 2017
Reported
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.
Source: Committee
13 March 2017
Calendars
Placed on Senate Legislative Calendar under General Orders. Calendar No. 15.
Source: Calendars
13 March 2017
Reported
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo without amendment. Without written report.
Source: Committee
13 March 2017
Reported
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo without amendment. Without written report.
Source: Committee
11 September 2017
Passed
Passed Senate without amendment by Unanimous Consent. (consideration: CR S5169; text: CR S5169)
Source: Floor
11 September 2017
Passed
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S5169; text: CR S5169)
Source: Floor
12 September 2017
Floor
Held at the desk.
Source: Floor
12 September 2017
Floor
Message on Senate action sent to the House.
Source: Floor
12 September 2017
Floor
Received in the House.
Source: Floor
17 July 2018
Passed
The title of the measure was amended. Agreed to without objection.
Source: Floor
17 July 2018
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
17 July 2018
Vote
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 406 - 4 (Roll no. 333). (text: CR H6295-6306)
Source: Floor
17 July 2018
Vote
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 406 - 4 (Roll no. 333).(text: CR H6295-6306)
Source: Floor
17 July 2018
Floor
Considered under suspension of the rules. (consideration: CR H6295-6312)
Source: Floor
17 July 2018
Vote
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Source: Floor
17 July 2018
Floor
DEBATE - The House proceeded with forty minutes of debate on S. 488.
Source: Floor
17 July 2018
Floor
Mr. Hensarling moved to suspend the rules and pass the bill, as amended.
Source: Floor
18 July 2018
Floor
Message on House action received in Senate and at desk: House amendments to Senate bill.
Source: Floor
Votes
17 July 2018 · passed · On Motion to Suspend the Rules and Pass, as Amended · Passed · Official source
Yes 406 · No 4 · Abstain — · Absent/not voting 18
- Rep. Ferguson, A. Drew, IV [R-GA-3]Yea
- Rep. McEachin, A. Donald [D-VA-4]Yea
- Rep. Hastings, Alcee L. [D-FL-20]Yea
- Rep. Kinzinger, Adam [R-IL-16]Yea
Showing the first 4 recorded positions. Vote totals above are complete.
Versions
- Engrossed Amendment House · 17 July 2018 · Download file
- Engrossed in Senate · 11 September 2017 · Download file
- Reported to Senate · 13 March 2017 · Download file
- Introduced in Senate · 1 March 2017 · Download file
Documents
11 official files
Engrossed Amendment House (text)
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Engrossed Amendment House (text)
Engrossed Amendment House · EN · 17 July 2018
Engrossed Amendment House (PDF)
Engrossed Amendment House · EN · 17 July 2018
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Engrossed in Senate (text)
Engrossed in Senate · EN · 11 September 2017
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Engrossed in Senate (PDF)
Engrossed in Senate · EN · 11 September 2017
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Passed Senate without amendment
summary · EN · 11 September 2017
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Reported to Senate (text)
Reported to Senate · EN · 13 March 2017
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Reported to Senate (PDF)
Reported to Senate · EN · 13 March 2017
ViewDownloadOpen at official source
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Reported to Senate without amendment
summary · EN · 13 March 2017
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Introduced in Senate (text)
Introduced in Senate · EN · 1 March 2017
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Introduced in Senate (PDF)
Introduced in Senate · EN · 1 March 2017
ViewDownloadOpen at official source
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Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Introduced in Senate
summary · EN · 1 March 2017
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Sen. Toomey, Patrick [R-PA] · R · Sponsor
- Sen. Warner, Mark R. [D-VA] · D · Sponsor
- Sen. Sasse, Ben [R-NE] · R · Cosponsor
- · ssbk00 · Standing
Related records
- related to → Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017
- related to → Financial CHOICE Act of 2017
- related to → HALOS Act
- related to → The Credit Access and Inclusion Act of 2017
- related to → Encouraging Employee Ownership Act of 2017
- related to ← Fair Investment Opportunities for Professional Experts Act
- related to ← Fostering Innovation Act of 2017
- related to ← Crowdfunding Enhancement Act
- related to ← End Banking for Human Traffickers Act of 2018
- related to ← Investing in Main Street Act of 2017
- related to ← Financial Services and General Government Appropriations Act, 2018
- related to ← Exchange Regulatory Improvement Act
- related to ← Encouraging Public Offerings Act of 2017
Showing 13 of 51 related records.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/115th-congress/senate-bill/488
- Open data entity: https://api.congress.gov/v3/bill/115/s/488
- us · 115-s-488 · source updated 5 December 2025