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S. 488 115th Congress Senate

Encouraging Employee Ownership Act

Official title: To modernize U.S. markets and to promote capital formation, investor confidence, and economic growth, and for other purposes

Introduced: March 1, 2017 See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresEmployee benefits and pensionsFinancial services and investmentsSecuritiesSecurities and Exchange Commission (SEC)
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 19 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 18, 2018
Message on House action received in Senate and at desk: House amendments to Senate bill.
Jul 17, 2018
The title of the measure was amended. Agreed to without objection.
Jul 17, 2018
Motion to reconsider laid on the table Agreed to without objection.
Jul 17, 2018
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 406 - 4 (Roll no. 333). (text: CR H6295-6306)
Jul 17, 2018
Considered as unfinished business. (consideration: CR H6342-6343)
Jul 17, 2018
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Jul 17, 2018
DEBATE - The House proceeded with forty minutes of debate on S. 488.
Jul 17, 2018
Considered under suspension of the rules. (consideration: CR H6295-6312)
Jul 17, 2018
Mr. Hensarling moved to suspend the rules and pass the bill, as amended.
Sep 12, 2017
Held at the desk.
Sep 12, 2017
Message on Senate action sent to the House.
Sep 12, 2017
Received in the House.
Sep 11, 2017
Passed Senate without amendment by Unanimous Consent. (consideration: CR S5169; text: CR S5169)
Sep 11, 2017
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S5169; text: CR S5169)
Mar 13, 2017
Placed on Senate Legislative Calendar under General Orders. Calendar No. 15.
Mar 13, 2017
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo without amendment. Without written report.
Mar 9, 2017
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.
Mar 1, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 1, 2017
Introduced in Senate
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Jul 17, 2018 House · vote #333 On Motion to Suspend the Rules and Pass, as Amended Passed 406–4 See who voted →
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 Latest action July 18, 2018

Message on House action received in Senate and at desk: House amendments to Senate bill.

 Plain-English summary Congressional Research Service

(This measure has not been amended since it was introduced. The expanded summary of the Senate reported version is repeated here.)

Encouraging Employee Ownership Act

(Sec. 2) This bill  requires the Securities and Exchange Commission to increase, from $5 million to $10 million, the 12-month sales threshold beyond which an issuer is required to provide investors with additional disclosures related to compensatory benefit plans.

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 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Warner, Mark R.
Virginia · Mar 1, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). S. 488: Encouraging Employee Ownership Act. 115th Congress. Open America. https://openamerica.io/bill/115-S-488/
MLA
"S. 488: Encouraging Employee Ownership Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-488/.
Bluebook (legal)
S. 488, 115th Cong. (2026), https://openamerica.io/bill/115-S-488/.
Markdown link
[S. 488: Encouraging Employee Ownership Act](https://openamerica.io/bill/115-S-488/)
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