Skip to main content
HR 2096 114th Congress House Taxation Capital gains tax 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 2015

Introduced: July 11, 2016 See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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 16, 2015
Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
Apr 29, 2015
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.
Apr 29, 2015
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Promotion and Expansion of Private Employee Ownership Act of 2015

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 employee 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 Department 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 16, 2015

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

 Related & companion bills 2
  • S 1212 Related bill Promotion and Expansion of Private Employee Ownership Act of 2015
  • SRES 252 Related bill An original resolution expressing the sense of the Committee on Small Business and Entrepreneurship of the Senate relat…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 4
 Cosponsors 39
All 39 Democratic 15 Republican 16
R
Wagner, Ann
Missouri · Sep 12, 2016
 R
Williams, Roger
Texas · Sep 12, 2016
 R
Amodei, Mark E.
Nevada · Sep 6, 2016
 R
Joyce, David P.
Ohio · Sep 6, 2016
 R
Calvert, Ken
California · Jul 14, 2016
 D
Schiff, Adam B.
California · Jul 14, 2016
 D
Pocan, Mark
Wisconsin · Jul 13, 2016
ROYCE, ED
· Jul 11, 2016
 D
Davis, Danny K.
Illinois · Jul 8, 2016
 D
Schakowsky, Janice D.
Illinois · Jul 8, 2016
 D
Kelly, Robin L.
Illinois · Jul 7, 2016
 D
Pingree, Chellie
Maine · Jul 6, 2016
Knight, Stephen
· Jul 1, 2016
Messer, Luke
· Apr 11, 2016
 D
Bonamici, Suzanne
Oregon · Feb 3, 2016
 R
Aderholt, Robert B.
Alabama · Jan 28, 2016
 D
Beatty, Joyce
Ohio · Jan 6, 2016
 D
Thompson, Mike
California · Dec 15, 2015
 R
Kelly, Mike
Pennsylvania · Nov 5, 2015
 D
Sánchez, Linda T.
California · Oct 16, 2015
 R
Zinke, Ryan K.
Montana · Sep 29, 2015
 D
Larsen, Rick
Washington · Sep 28, 2015
 D
Welch, Peter
Vermont · Sep 24, 2015
 D
Brownley, Julia
California · Sep 22, 2015
 R
Sessions, Pete
Texas · Sep 18, 2015
Young, David
· Sep 18, 2015
 R
Emmer, Tom
Minnesota · Sep 10, 2015
Costello, Ryan
· Jul 29, 2015
 R
Thompson, Glenn
Pennsylvania · Jul 28, 2015
 R
Huizenga, Bill
Michigan · Jul 27, 2015
 R
Simpson, Michael K.
Idaho · Jul 14, 2015
Blum, Rod
· Jun 25, 2015
 R
Grothman, Glenn
Wisconsin · Jun 19, 2015
Noem, Kristi
· Jun 17, 2015
Abraham, Ralph
· Jun 15, 2015
 R
Cramer, Kevin
North Dakota · Jun 2, 2015
 R
Smith, Jason
Missouri · May 21, 2015
 D
Moore, Gwen
Wisconsin · May 5, 2015
 D
Neal, Richard E.
Massachusetts · Apr 29, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2096: Promotion and Expansion of Private Employee Ownership Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-2096/
MLA
"H.R. 2096: Promotion and Expansion of Private Employee Ownership Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-2096/.
Bluebook (legal)
H.R. 2096, 114th Cong. (2026), https://openamerica.io/bill/114-HR-2096/.
Markdown link
[H.R. 2096: Promotion and Expansion of Private Employee Ownership Act of 2015](https://openamerica.io/bill/114-HR-2096/)
Report a problem