118th Congress Taxation
H.R. 4896: Promotion and Expansion of Private Employee Ownership Act of 2023
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill accelerates to the enactment date of this bill the deferral of tax (currently, after December 31, 2027) on sales of employer stock to employee stock ownership plans (ESOPs) sponsored by S corporations. It also eliminates the limitation on the amount that may be deferred.
The Department of the Treasury must establish the S Corporation Employee Ownership Assistance Office to foster increased employee ownership of S corporations. The office must provide education and outreach about the benefits of employee ownership of S corporations and technical assistance to assist S corporations in sponsoring ESOPs.
The bill directs the Department of Labor to appoint an Advocate for Employee Ownership.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Earl Blumenauer D-OROriginal
- Danny Davis D-ILOriginal
- Ron Estes R-KSOriginal
- Carol Miller R-WVOriginal
- Bill Pascrell D-NJOriginal
- Terri Sewell D-ALOriginal
- Brad Wenstrup R-OHOriginal
- Blake Moore R-UT
- Brendan Boyle D-PA
- Angie Craig D-MN
- Claudia Tenney R-NY
- Susan Wild D-PA
- Jerry Carl R-AL
- Scott Fitzgerald R-WI
- David Rouzer R-NC
- Mark Alford R-MO
- Larry Bucshon R-IN
- Sharice Davids D-KS
- Ro Khanna D-CA
- Suzanne Bonamici D-OR
- Glenn Grothman R-WI
- Brittany Pettersen D-CO
- Julia Brownley D-CA
- Brian Fitzpatrick R-PA
- Daniel Kildee D-MI
- Dean Phillips D-MN
- C. Ruppersberger D-MD
- Janice Schakowsky D-IL
- Bryan Steil R-WI
- Glenn Thompson R-PA
- Linda Sánchez D-CA
- Mike Flood R-NE
- Robin Kelly D-IL
- Yadira Caraveo D-CO
- Dwight Evans D-PA
- Marc Veasey D-TX
- Sam Graves R-MO
- Lloyd Smucker R-PA
- Darin LaHood R-IL
- Young Kim R-CA
- Jacob LaTurner R-KS
- Dusty Johnson R-SD
- Don Bacon R-NE
- John Moolenaar R-MI
- Joe Neguse D-CO
- Emanuel Cleaver D-MO
- John Curtis R-UT
- Jimmy Panetta D-CA
- Robert Aderholt R-AL
- Andrea Salinas D-OR
- Jasmine Crockett D-TX
- Mike Carey R-OH
- W. Steube R-FL
- Nicholas Langworthy R-NY
- Zachary (Zach) Nunn R-IA
- Mark DeSaulnier D-CA
- Ed Case D-HI
- Gwen Moore D-WI
- Bradley Schneider D-IL
- Thomas Suozzi D-NY
- Adrian Smith R-NE
- Chris Pappas D-NH
Who scored on this bill
- 1Mike Kelly SponsorDrew cross-party cosponsors, introduced, reached a cosponsor milestone4 events+18
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Mike Kelly
- H.R. 9098: Congressional Records Protection Act of 2026
- H.R. 3514: Improving Seniors’ Timely Access to Care Act of 2025
- H.R. 7959: IRS Whistleblower Program Improvement Act
- H.R. 7417: Edwin L. Drake Post Office Building (Titusville, PA)
- H.R. 3149: To designate United States Route 20 in the States of Oregon, Idaho, Montana, Wyoming, Nebraska, Iowa, Illinois, Indiana, Ohio, Pennsylvania, New York, and Massachusetts as the "National Medal of Honor Highway", and for other purposes.
History
- Introduced in the House by Mike Kelly.
Show the full action history (2 actions)
- Introduced in House
- Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, and Education and the Workforce, 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.