2020 ESOP Fairness Act

Hozzl · 2022-02-08T23:22:56Z

Explore the details of Senate Bill 3270 2020 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, 11:22 PM

Congressional Summary of S 3270

2020 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 S 3270

Bill S 3270 is currently in the status of Bill Introduced since February 11, 2020. Bill S 3270 was introduced during Congress 116 and was introduced to the Senate on February 11, 2020. Bill S 3270's most recent activity was Read twice and referred to the Committee on Finance. as of February 11, 2020

Bipartisan Support of Bill S 3270

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 S 3270

Primary Policy Focus

Taxation

Potential Impact Areas

- Business records

- Employee benefits and pensions

- Financial services and investments

- Securities

Alternate Title(s) of Bill S 3270

2020 ESOP Fairness Act

A bill 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.