2019 ESOP Fairness Act

Hozzl · 2022-02-08T23:17:44Z

Explore the details of House Bill 5851 2019 ESOP Fairness Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

2/8/2022, 11:17 PM

Congressional Summary of HR 5851

2019 ESOP Fairness Act

This bill allows certain over-the-counter securities to be treated as publicly traded employer securities for purposes of the diversification requirements for employee stock ownership plans (ESOPs).

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Current Status of Bill HR 5851

Bill HR 5851 is currently in the status of Bill Introduced since February 11, 2020. Bill HR 5851 was introduced during Congress 116 and was introduced to the House on February 11, 2020. Bill HR 5851's most recent activity was Referred to the House Committee on Ways and Means. as of February 11, 2020

Bipartisan Support of Bill HR 5851

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 5851

Primary Policy Focus

Taxation

Potential Impact Areas

- Business records

- Employee benefits and pensions

- Financial services and investments

- Securities

Alternate Title(s) of Bill HR 5851

2019 ESOP Fairness Act

To amend the Internal Revenue Code of 1986 to allow certain qualified over-the-counter securities to be treated as readily traded on an established securities market for the purpose of diversification requirements for employee stock ownership plans.

2019 ESOP Fairness Act