House Bill 4896 - Promotion and Expansion of Private Employee Ownership Act of 2023

Purpose and Summary

Chamber: House

Introduced date: 2023-07-26

Recent Activity

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.

Alternative Names

Promotion and Expansion of Private Employee Ownership Act of 2023

Promotion and Expansion of Private Employee Ownership Act of 2023

To amend the Internal Revenue Code of 1986 and the Small Business Act to expand the availability of employee stock ownership plans in S corporations, and for other purposes.

Associated Legislation

Promotion and Expansion of Private Employee Ownership Act of 2023

Promotion and Expansion of Private Employee Ownership Act of 2023

Policy Areas

Taxation

Potential Impact

Sponsors and Supporters

Rep. Kelly, Mike [R-PA-16]

Cosponsors and Supporters

Rep. Blumenauer, Earl [D-OR-3]

Rep. Wenstrup, Brad R. [R-OH-2]

Rep. Miller, Carol D. [R-WV-1]

Rep. Estes, Ron [R-KS-4]

Rep. Pascrell, Bill, Jr. [D-NJ-9]

Rep. Davis, Danny K. [D-IL-7]

Rep. Sewell, Terri A. [D-AL-7]

Rep. Moore, Blake D. [R-UT-1]

Rep. Tenney, Claudia [R-NY-24]

Rep. Boyle, Brendan F. [D-PA-2]

Rep. Craig, Angie [D-MN-2]

Rep. Wild, Susan [D-PA-7]

Rep. Rouzer, David [R-NC-7]

Rep. Carl, Jerry L. [R-AL-1]

Rep. Fitzgerald, Scott [R-WI-5]

Rep. Alford, Mark [R-MO-4]

Rep. Bucshon, Larry [R-IN-8]

Rep. Davids, Sharice [D-KS-3]

Rep. Khanna, Ro [D-CA-17]

Rep. Bonamici, Suzanne [D-OR-1]

Rep. Grothman, Glenn [R-WI-6]

Rep. Pettersen, Brittany [D-CO-7]

Rep. Thompson, Glenn [R-PA-15]

Rep. Fitzpatrick, Brian K. [R-PA-1]

Rep. Steil, Bryan [R-WI-1]

Rep. Schakowsky, Janice D. [D-IL-9]

Rep. Kildee, Daniel T. [D-MI-8]

Rep. Ruppersberger, C. A. Dutch [D-MD-2]

Rep. Brownley, Julia [D-CA-26]

Rep. Phillips, Dean [D-MN-3]

Rep. Sánchez, Linda T. [D-CA-38]

Rep. Kelly, Robin L. [D-IL-2]

Rep. Flood, Mike [R-NE-1]

Rep. Veasey, Marc A. [D-TX-33]

Rep. Evans, Dwight [D-PA-3]

Rep. Caraveo, Yadira [D-CO-8]

Rep. Graves, Sam [R-MO-6]

Rep. Smucker, Lloyd [R-PA-11]

Rep. LaHood, Darin [R-IL-16]

Rep. Kim, Young [R-CA-40]

Committees and Subcommittees

Education and the Workforce Committee

Small Business Committee

Ways and Means Committee

Variations and Revisions