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Searching...- Bills
- H.R.1462
H.R.1462: Employee Ownership Act of 1999
About This Bill
- This bill was introduced in the 106th Congress
- This bill is primarily about congress
- Introduced April 15, 1999
- Latest Major Action April 15, 1999
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
36 (9 Democrats, 1 Independent Democrat, 27 Republicans)
Bill Summary
Employee Ownership Act of 1999 - Declares the policy of the United States that, by the year 2010, 30 percent of all U.S. corporations shall be owned and controlled by their employees.(Sec. 3) Amends the Internal Revenue Code to provide for tax-exempt employee-owned and employee-controlled corporation (EOECC) trusts whose primary assets consist of the employer securities of an EOECC in which: (1) more than 50 percent of the voting stock is held...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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| April 15, 1999 |
Introduced in the House by Dana Rohrabacher (R-Calif.) |