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S. 1559 117th Congress Senate

2021 ESOP Fairness Act

Official title: A bill to amend the Internal Revenue Code of 1986 to allow certain qualified over-the-counter securities to be treated as readily traded on an established secu… Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1986 to allow certain qualified over-the-counter securities to be treated as readily traded on an established securities market for the purpose of diversification requirements for employee stock ownership plans.

Introduced: May 11, 2021 Introduced by: Thom Tillis Republican · North Carolina See on congress.gov
Taxation Business recordsEmployee benefits and pensionsFinancial services and investmentsSecurities
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 11, 2021
Read twice and referred to the Committee on Finance.
May 11, 2021
Introduced in Senate
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 Latest action May 11, 2021

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

2021 ESOP Fairness Act

This bill allows certain over-the-counter securities to be treated as publicly traded employer securities for purposes of the diversification requirements for employee stock ownership plans (ESOPs).

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1
Sinema, Kyrsten
· May 12, 2021
 D
Peters, Gary C.
Michigan · May 11, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1559: 2021 ESOP Fairness Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-1559/
MLA
"S. 1559: 2021 ESOP Fairness Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-1559/.
Bluebook (legal)
S. 1559, 117th Cong. (2026), https://openamerica.io/bill/117-S-1559/.
Markdown link
[S. 1559: 2021 ESOP Fairness Act](https://openamerica.io/bill/117-S-1559/)
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