Employee Equity Investment Act of 2023

3/12/2024, 3:20 PM
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Bill 118 s 1618, also known as the Employee Equity Investment Act of 2023, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to encourage employees to invest in their companies by providing them with tax incentives and other benefits.

One of the key provisions of the bill is the creation of a new tax credit for employees who choose to invest in their company's stock or other equity options. This tax credit would provide a financial incentive for employees to take a stake in their company's success, potentially leading to increased employee engagement and productivity.

Additionally, the bill includes measures to simplify the process of offering equity options to employees, making it easier for companies to implement these programs. This could help smaller businesses compete with larger corporations in attracting and retaining top talent. Overall, the Employee Equity Investment Act of 2023 aims to promote employee ownership and investment in the companies they work for, potentially leading to a more engaged and motivated workforce. The bill is currently under review in Congress, and its ultimate fate will depend on the support it receives from lawmakers.
Congress
118

Number
S - 1618

Introduced on
2023-05-16

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

5/16/2023

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Read twice and referred to the Committee on Small Business and Entrepreneurship.
Bill 118 s 1618, also known as the Employee Equity Investment Act of 2023, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to encourage employees to invest in their companies by providing them with tax incentives and other benefits.

One of the key provisions of the bill is the creation of a new tax credit for employees who choose to invest in their company's stock or other equity options. This tax credit would provide a financial incentive for employees to take a stake in their company's success, potentially leading to increased employee engagement and productivity.

Additionally, the bill includes measures to simplify the process of offering equity options to employees, making it easier for companies to implement these programs. This could help smaller businesses compete with larger corporations in attracting and retaining top talent. Overall, the Employee Equity Investment Act of 2023 aims to promote employee ownership and investment in the companies they work for, potentially leading to a more engaged and motivated workforce. The bill is currently under review in Congress, and its ultimate fate will depend on the support it receives from lawmakers.
Alternative Names
Official Title as IntroducedA bill to amend the Small Business Investment Act of 1958 to establish an employee equity investment facility, and for other purposes.

Policy Areas
Commerce

Comments

Recent Activity

Latest Action5/16/2023
Read twice and referred to the Committee on Small Business and Entrepreneurship.