Promotion and Expansion of Private Employee Ownership Act of 2025
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 34
- Latest action
- Jul 24, 2025
What it does
The Promotion and Expansion of Private Employee Ownership Act of 2025 aims to expand employee stock ownership plans (ESOPs) in S corporations by amending the Internal Revenue Code and the Small Business Act. It would remove tax limitations on certain sales of employer stock to ESOPs, extend tax deferral provisions, and establish a Treasury office to provide technical assistance and outreach for S corporation ESOPs. The bill also seeks to preserve small business eligibility for concerns where an ESOP owns over 49% of the business by treating ESOP participants as direct owners for program qualification purposes, and creates a federal Advocate for Employee Ownership within the Department of…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
- Steve Daines
- Amy Klobuchar
- Angus King
- Bernard Sanders
- Catherine Cortez Masto
- Charles Grassley
- Chris Van Hollen
- Christopher Coons
- Cory Booker
- Dave McCormick
- Deb Fischer
- Eric Schmitt
- James Risch
- John Barrasso
- John Boozman
- John Fetterman
- John Kennedy
- John Reed
- Jon Husted
- Lisa Blunt Rochester
- Margaret Hassan
- Maria Cantwell
- Marsha Blackburn
- Mazie Hirono
- Michael Crapo
- Pete Ricketts
- Peter Welch
- Roger Marshall
- Sheldon Whitehouse
- Tammy Baldwin
- Thom Tillis
- Tim Sheehy
- Tina Smith
- Todd Young
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money.