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HR 2705 104th Congress House

American Profit Sharing Act

Official title: To provide that Federal contracts and certain Federal subsidies shall be provided only to businesses which have qualified profit-sharing plans.

Introduced: December 27, 1995 See on congress.gov
Labor and Employment CommerceEconomics and Public FinanceEmployee stock optionsFederally-guaranteed loans
More subjectsShow fewer subjects
Finance and Financial SectorGovernment Operations and PoliticsGovernment lendingGrants-in-aidProfit sharingSmall businessSubsidies
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) 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
Dec 22, 1995
Referred to the Subcommittee on Employer-Employee Relations.
Dec 11, 1995
Referred to the Subcommittee on Government Management, Information and Technology.
Dec 5, 1995
Introduced in House
Dec 5, 1995
Referred to the Committee on Government Reform and Oversight, and in addition to the Committee on Economic and Educational Opportunities, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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 Latest action December 22, 1995

Referred to the Subcommittee on Employer-Employee Relations.

 Plain-English summary Congressional Research Service

American Profit Sharing Act - Permits the provision of Federal contracts and certain Federal subsidies only to businesses which have a stock bonus or profit-sharing plan. Excepts start-up small businesses for one year unless such business: (1) has been in existence for at least ten prior years; (2) has more than five full-time employees (or their equivalent) at any time during the year; and (3) has a gross income exceeding $10 million.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 4
 Cosponsors 10
All 10 Democratic 8 Independent 1
D
Neal, Richard E.
Massachusetts · Jun 13, 1996
 I
Sanders, Bernard
Vermont · Jun 13, 1996
MCCARTHY, KAREN
· May 10, 1996
 D
Thompson, Bennie G.
Mississippi · May 10, 1996
 D
Bishop, Sanford D.
Georgia · May 9, 1996
 D
Scott, Robert C. "Bobby"
Virginia · May 9, 1996
 D
Clyburn, James E.
South Carolina · May 8, 1996
 D
Waters, Maxine
California · May 8, 1996
 D
Kaptur, Marcy
Ohio · Dec 27, 1995
 D
Norton, Eleanor Holmes
District of Columbia · Dec 27, 1995
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2705: American Profit Sharing Act. 104th Congress. Open America. https://openamerica.io/bill/104-HR-2705/
MLA
"H.R. 2705: American Profit Sharing Act." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-2705/.
Bluebook (legal)
H.R. 2705, 104th Cong. (2026), https://openamerica.io/bill/104-HR-2705/.
Markdown link
[H.R. 2705: American Profit Sharing Act](https://openamerica.io/bill/104-HR-2705/)
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