S 488
115th Congress
Senate
Finance and Financial Sector
Administrative law and regulatory procedures
Employee benefits and pensions
Financial services and investments
Securities
Securities and Exchange Commission (SEC)
Encouraging Employee Ownership Act
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
| Date | Chamber | What was voted on | Result | Yes–No | |
|---|---|---|---|---|---|
| Jul 17, 2018 | House · vote #333 | On Motion to Suspend the Rules and Pass, as Amended | Passed | 406–4 | See who voted → |
Ask about this bill
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.
Plain-English summary
(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.
What's happening now
Message on House action received in Senate and at desk: House amendments to Senate bill.
Related & companion bills
10
Bill text
4 versions
- Engrossed Amendment House Formatted Text PDF Formatted XML
- Engrossed in Senate Formatted Text PDF Formatted XML
- Introduced in Senate Formatted Text PDF Formatted XML
- Reported to Senate Formatted Text PDF Formatted XML
Committees of jurisdiction
1
Cosponsors
1
Cite this page
U.S. Congress. (2026). S. 488: Encouraging Employee Ownership Act. 115th Congress. Open America. https://openamerica.io/bill/115-S-488/
"S. 488: Encouraging Employee Ownership Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-488/.
S. 488, 115th Cong. (2026), https://openamerica.io/bill/115-S-488/.
[S. 488: Encouraging Employee Ownership Act](https://openamerica.io/bill/115-S-488/)