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S. 1512 112th Congress Senate

Promotion and Expansion of Private Employee Ownership Act of 2011

Official title: A bill to amend the Internal Revenue Code of 1986 and the Small Business Act to expand the availability of employee stock ownership plans in S corporations, and for other purposes.

Introduced: May 10, 2012 See on congress.gov
Taxation Capital gains taxDepartment of the TreasuryEmployee benefits and pensionsExecutive agency funding and structure
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SecuritiesSmall business
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 6, 2011
Read twice and referred to the Committee on Finance.
Sep 6, 2011
Introduced in Senate
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 Latest action September 6, 2011

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Promotion and Expansion of Private Employee Ownership Act of 2011 - Amends the Internal Revenue Code to 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).

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

Amends the Small Business Act to define "ESOP business concern" and allow such a concern to continue to qualify for loans, preferences, and other programs under such Act.

 Related & companion bills 1
  • HR 1244 Promotion and Expansion of Private Employee Ownership Act of 2011
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 8
All 8 Democratic 3 Republican 4 Independent 1
R
Hoeven, John
North Dakota · Sep 10, 2012
 D
Cantwell, Maria
Washington · May 22, 2012
 R
Collins, Susan M.
Maine · May 10, 2012
 R
Thune, John
South Dakota · Feb 28, 2012
 D
Klobuchar, Amy
Minnesota · Oct 19, 2011
 D
Whitehouse, Sheldon
Rhode Island · Oct 11, 2011
 R
Moran, Jerry
Kansas · Sep 19, 2011
 I
Sanders, Bernard
Vermont · Sep 13, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1512: Promotion and Expansion of Private Employee Ownership Act of 2011. 112th Congress. Open America. https://openamerica.io/bill/112-S-1512/
MLA
"S. 1512: Promotion and Expansion of Private Employee Ownership Act of 2011." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-1512/.
Bluebook (legal)
S. 1512, 112th Cong. (2026), https://openamerica.io/bill/112-S-1512/.
Markdown link
[S. 1512: Promotion and Expansion of Private Employee Ownership Act of 2011](https://openamerica.io/bill/112-S-1512/)
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