Bill · S. 2461· Senate(119-S-2461)

Promotion and Expansion of Private Employee Ownership Act of 2025

Age: 64 years

Montana

Introduced: 7/24/2025
Last activity: 7/24/2025 — Read twice and referred to the Committee on Finance.
Sponsored by: Steve Daines
Cosponsors: - 16 - 15

Taxation

Introduced
In Committee

What this bill would do

The Promotion and Expansion of Private Employee Ownership Act of 2025 aims to expand the availability of employee stock ownership plans (ESOPs) in S corporations. It amends the Internal Revenue Code of 1986 and the Small Business Act to achieve this goal. The bill accelerates certain tax deferrals and repeals specific limitations related to stock sales. It also establishes the S Corporation Employee Ownership Assistance Office within the Department of the Treasury to provide education and technical assistance. Additionally, the Act creates an Advocate for Employee Ownership within the Department of Labor. Finally, it modifies the Small Business Act to ensure ESOP-owned businesses maintain their status as small business concerns.

Yes· 3 of 11

Does this make it easier to run a small business?+5
The bill ensures ESOP-owned businesses maintain their small business status for loans and preferences.
Would people over 65 be better off under this?+4
The bill facilitates the accumulation of retirement savings through ESOPs for future retirement dignity.
Would business owners be better off under this?+4
The bill provides tools and technical assistance to help owners transition businesses to employee ownership.