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- S.1589
S.1589: Promotion and Expansion of Private Employee Ownership Act of 2017
About This Bill
- Introduced July 19, 2017
- Latest Major Action July 19, 2017
- See the six similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
39 (21 Democrats, 2 Independent Democrats, 16 Republicans)
Bill Version
- Introduced in Senate - July 19, 2017
Bill Summary
Promotion and Expansion of Private Employee Ownership Act of 2017 This bill amends the Internal Revenue Code to 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 employee stock ownership plan (ESOP). The Department of the Treasury must establish the S Corporation Employee Ownership Assistance Office to foster increased...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 19, 2017 |
Read twice and referred to the Committee on Finance.
|
| July 19, 2017 |
Introduced in the Senate by Pat Roberts (R-Kan.) |