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HR 3586 111th Congress House Taxation Capital gains tax Corporate finance and management Department of Labor Employee benefits and pensions Executive agency funding and structure Income tax deductions Interest, dividends, interest rates Securities Small business Transfer and inheritance taxes

S Corporation ESOP Promotion and Expansion Act of 2009

Introduced: September 16, 2009 See on congress.gov
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 16, 2009
Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
Sep 16, 2009
Referred to House Education and Labor
Sep 16, 2009
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, 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.
Sep 16, 2009
Referred to House Ways and Means
Sep 16, 2009
Introduced in House
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 Plain-English summary Congressional Research Service

S Corporation ESOP Promotion and Expansion Act of 2009 - Amends the Internal Revenue Code to: (1) extend to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer securities to an S corporation-sponsored employer stock ownership plan (ESOP); (2) allow a tax deduction for interest incurred on loans to S corporation-sponsored ESOPs for the purchase of employer securities; (3) transfer liability for payment of estate tax on transfers of employer securities to an S corporation-sponsored ESOP from the estate executor to the ESOP; and (4) allow an estate tax deduction for 50% of the proceeds from the sale of employer securities to an S corporation-sponsored ESOP.

Directs the Secretary of Labor to establish the S Corporation Employee Ownership Assistance Office to foster increased employee ownership of S corporations.

What's happening now November 16, 2009

Referred to the Subcommittee on Health, Employment, Labor, and Pensions.

 Related & companion bills 1
  • S 3803 Related bill S Corporation ESOP Promotion and Expansion Act of 2010
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 9
All 9 Democratic 5 Republican 4
D
Moore, Gwen
Wisconsin · Dec 21, 2010
 R
Moran, Jerry
Kansas · Sep 29, 2010
 R
Graves, Sam
Missouri · Sep 23, 2010
 D
Cleaver, Emanuel
Missouri · Sep 22, 2010
 D
Davis, Danny K.
Illinois · Sep 22, 2010
 R
Sessions, Pete
Texas · Sep 22, 2010
 R
Guthrie, Brett
Kentucky · Jun 30, 2010
 D
Courtney, Joe
Connecticut · Jun 24, 2010
 D
Peters, Gary C.
Michigan · Dec 10, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3586: S Corporation ESOP Promotion and Expansion Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-HR-3586/
MLA
"H.R. 3586: S Corporation ESOP Promotion and Expansion Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-3586/.
Bluebook (legal)
H.R. 3586, 111th Cong. (2026), https://openamerica.io/bill/111-HR-3586/.
Markdown link
[H.R. 3586: S Corporation ESOP Promotion and Expansion Act of 2009](https://openamerica.io/bill/111-HR-3586/)
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