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HR 4837 113th Congress House Taxation Department of the Treasury Employee benefits and pensions Executive agency funding and structure Income tax deductions Income tax deferral Interest, dividends, interest rates Securities Small business

Promotion and Expansion of Private Employee Ownership Act of 2014

Introduced: July 23, 2014 See on congress.gov
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 17, 2014
Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
Jun 11, 2014
Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and Small Business, 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.
Jun 11, 2014
Introduced in House
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 Plain-English summary Congressional Research Service

Promotion and Expansion of Private Employee Ownership Act of 2014 - 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); and (2) allow a tax deduction for 50% of the interest incurred on loans to S corporation-sponsored ESOPs for the purchase of employer securities.

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.

What's happening now November 17, 2014

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

 Related & companion bills 1
  • S 742 Related bill Promotion and Expansion of Private Employee Ownership Act of 2013
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 4
 Cosponsors 28
All 28 Democratic 9 Republican 3
Yoder, Kevin
· Dec 11, 2014
 R
Smith, Jason
Missouri · Dec 8, 2014
 D
Davis, Danny K.
Illinois · Dec 1, 2014
SENSENBRENNER, F.
· Dec 1, 2014
 R
Cramer, Kevin
North Dakota · Nov 14, 2014
Black, Diane
· Nov 13, 2014
Marino, Tom
· Nov 13, 2014
 D
Schakowsky, Janice D.
Illinois · Sep 19, 2014
 D
Cleaver, Emanuel
Missouri · Sep 18, 2014
Loebsack, David
· Sep 18, 2014
LEWIS, JOHN
· Sep 15, 2014
PETERSON, COLLIN
· Sep 10, 2014
 R
Thompson, Glenn
Pennsylvania · Sep 10, 2014
GOODLATTE, ROBERT
· Sep 8, 2014
HOLT, RUSH
· Sep 8, 2014
Schock, Aaron
· Jul 31, 2014
 D
Courtney, Joe
Connecticut · Jul 29, 2014
Reed, Tom
· Jul 29, 2014
 D
Thompson, Mike
California · Jul 28, 2014
Roskam, Peter
· Jul 23, 2014
Jenkins, Lynn
· Jul 15, 2014
 D
Peters, Gary C.
Michigan · Jul 15, 2014
 D
Moore, Gwen
Wisconsin · Jul 8, 2014
 D
Bonamici, Suzanne
Oregon · Jun 25, 2014
Boustany, Charles
· Jun 11, 2014
 D
Neal, Richard E.
Massachusetts · Jun 11, 2014
Paulsen, Erik
· Jun 11, 2014
TIBERI, PATRICK
· Jun 11, 2014
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4837: Promotion and Expansion of Private Employee Ownership Act of 2014. 113th Congress. Open America. https://openamerica.io/bill/113-HR-4837/
MLA
"H.R. 4837: Promotion and Expansion of Private Employee Ownership Act of 2014." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-4837/.
Bluebook (legal)
H.R. 4837, 113th Cong. (2026), https://openamerica.io/bill/113-HR-4837/.
Markdown link
[H.R. 4837: Promotion and Expansion of Private Employee Ownership Act of 2014](https://openamerica.io/bill/113-HR-4837/)
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