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HR 2410 102th Congress House Taxation Corporate finance Corporation taxes Dividends Employee ownership Estate tax Foreign Trade and International Finance Foreign investments Income tax Pension funds Small business Stocks Tax exclusion Tax penalties Tax-deferred compensation plans Tender offers

ESOP Promotion and Improvement Act of 1991

Introduced: May 21, 1991 See on congress.gov
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 31, 1991
Referred to the Subcommittee on Telecommunications and Finance.
May 21, 1991
Referred to the House Committee on Ways and Means.
May 21, 1991
Referred to the House Committee on Energy and Commerce.
May 21, 1991
Introduced in House
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 Plain-English summary Congressional Research Service

ESOP Promotion and Improvement Act of 1991 - Amends the Internal Revenue Code to allow S corporations (certain small business corporations) to participate in employee stock ownership plans (ESOPs).

Extends the ESOP exception to the ten percent early withdrawal penalty tax to certain ESOP distributions to employees made at any time.

Permits ESOP participants whose compensation does not exceed a certain amount to contribute up to 50 percent of it to the plan.

Allows ESOP closely-held corporate sponsors to pay estate tax if an estate transferred the stock of the corporation to an ESOP.

Provides that ESOPs and cash or deferred arrangement plans may be combined for the benefit of employees.

Amends the Securities Exchange Act of 1934 to allow employees additional time to bid for ownership of their employer if foreign interests are trying to buy such employer.

What's happening now May 31, 1991

Referred to the Subcommittee on Telecommunications and Finance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 2
All 2 Democratic 1 Independent 1
I
Sanders, Bernard
Vermont · Oct 2, 1991
 D
Kaptur, Marcy
Ohio · Sep 12, 1991
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2410: ESOP Promotion and Improvement Act of 1991. 102nd Congress. Open America. https://openamerica.io/bill/102-HR-2410/
MLA
"H.R. 2410: ESOP Promotion and Improvement Act of 1991." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-HR-2410/.
Bluebook (legal)
H.R. 2410, 102nd Cong. (2026), https://openamerica.io/bill/102-HR-2410/.
Markdown link
[H.R. 2410: ESOP Promotion and Improvement Act of 1991](https://openamerica.io/bill/102-HR-2410/)
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