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- S.177
S.177: Promotion and Expansion of Private Employee Ownership Act of 2019
About This Bill
- Introduced Jan. 17, 2019
- Latest Major Action Jan. 17, 2019
- See the six similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
38 (19 Democrats, 2 Independent Democrats, 17 Republicans)
Bill Version
- Introduced in Senate - Jan. 17, 2019
Bill Summary
Promotion and Expansion of Private Employee Ownership Act of 2019 This bill expands tax incentives and federal assistance for employee stock ownership plans (ESOPs) that are sponsored by S corporations. The bill extends to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer securities to an ESOP. The Department of the Treasury must establish the S Corporation Employee...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Jan. 17, 2019 |
Read twice and referred to the Committee on Finance.
|
| Jan. 17, 2019 |
Introduced in the Senate by Pat Roberts (R-Kan.) |