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- H.R.2705
H.R.2705: American Profit Sharing Act
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about government operations and politics
- Introduced Dec. 5, 1995
- Latest Major Action Dec. 22, 1995
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
66 (64 Democrats, 1 Independent, 1 Independent Democrat)
Bill Summary
American Profit Sharing Act - Permits the provision of Federal contracts and certain Federal subsidies only to businesses which have a stock bonus or profit-sharing plan. Excepts start-up small businesses for one year unless such business: (1) has been in existence for at least ten prior years; (2) has more than five full-time employees (or their equivalent) at any time during the year; and (3) has a gross income exceeding $10 million.
(Source: Library of Congress)
Bill Actions
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Referred to the Committee on Government Reform and Oversight, and in addition to the Committee on Economic and Educational Opportunities, 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.
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Referred to House Economic and Educational Opportunities
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Referred to House Government Reform and Oversight
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Referred to the Subcommittee on Government Management, Information and Technology.
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Referred to the Subcommittee on Employer-Employee Relations.
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| Dec. 5, 1995 |
Introduced in the House by Chaka Fattah (D-Pa.) |