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H.R. 2096 114th Congress House

Promotion and Expansion of Private Employee Ownership Act of 2015

Official title: 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 5, 2015 See on congress.gov
Taxation Capital gains taxDepartment of the TreasuryEmployee benefits and pensionsExecutive agency funding and structure
More subjectsShow fewer subjects
Income tax deductionsIncome tax deferralInterest, dividends, interest ratesSecuritiesSmall business
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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
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 Latest action November 16, 2015

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

 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.

 Related & companion bills 2
  • S 1212 Promotion and Expansion of Private Employee Ownership Act of 2015
  • SRES 252 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 45
All 45 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
SMITH, LAMAR
· 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
Granger, Kay
· Jun 7, 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
Pittenger, Robert
· Sep 18, 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
Yoder, Kevin
· Jun 9, 2015
 R
Cramer, Kevin
North Dakota · Jun 2, 2015
GOODLATTE, ROBERT
· May 21, 2015
 R
Smith, Jason
Missouri · May 21, 2015
 D
Moore, Gwen
Wisconsin · May 5, 2015
 D
Neal, Richard E.
Massachusetts · Apr 29, 2015
TIBERI, PATRICK
· 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/)
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