Promotion and Expansion of Private Employee Ownership Act of 2023
Official title: A bill 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.
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Read twice and referred to the Committee on Finance.
Promotion and Expansion of Private Employee Ownership Act of 2023
This bill accelerates to the enactment date of this bill the deferral of tax (currently, after December 31, 2027) on sales of employer stock to employee stock ownership plans (ESOPs) sponsored by S corporations. It also eliminates the limitation on the amount that may be deferred.
The Department of the Treasury must establish the S Corporation Employee Ownership Assistance Office to foster increased employee ownership of S corporations. The office must provide education and outreach about the benefits of employee ownership of S corporations and technical assistance to assist S corporations in sponsoring ESOPs.
The bill directs the Department of Labor to appoint an Advocate for Employee Ownership.
- Introduced in Senate Formatted Text PDF Formatted XML
Bodies those filers lobbied
Cite this page
U.S. Congress. (2026). S. 2515: Promotion and Expansion of Private Employee Ownership Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-S-2515/
"S. 2515: Promotion and Expansion of Private Employee Ownership Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-2515/.
S. 2515, 118th Cong. (2026), https://openamerica.io/bill/118-S-2515/.
[S. 2515: Promotion and Expansion of Private Employee Ownership Act of 2023](https://openamerica.io/bill/118-S-2515/)