Promotion and Expansion of Private Employee Ownership Act of 2019
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Promotion and Expansion of Private Employee Ownership Act of 2019
This bill expands tax incentives and federal assistance for employee stock ownership plans (ESOPs) that are sponsored by S corporations.
The bill extends to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer securities to an ESOP.
The Department of the Treasury must establish the S Corporation Employee Ownership Assistance Office to foster increased employee ownership of S corporations.
The bill defines an "ESOP business concern" and allows such a concern to continue to qualify as a small business for the purposes of programs under the Small Business Act. An "ESOP business concern" is a business concern that was a small business concern eligible for a loan, preference, or other program under the Small Business Act before more than 49% of the business concern was acquired by an ESOP.
Read twice and referred to the Committee on Finance.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 177: Promotion and Expansion of Private Employee Ownership Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-177/
"S. 177: Promotion and Expansion of Private Employee Ownership Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-177/.
S. 177, 116th Cong. (2026), https://openamerica.io/bill/116-S-177/.
[S. 177: Promotion and Expansion of Private Employee Ownership Act of 2019](https://openamerica.io/bill/116-S-177/)