US HB5851 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 11 2020 - 25% progression, died in committee
Action: 2020-02-11 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 11 2020 - 25% progression, died in committee
Action: 2020-02-11 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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).
Title
2019 ESOP Fairness Act
Sponsors
| Rep. Brian Higgins [D-NY] | Rep. Mike Kelly [R-PA] | Rep. Vern Buchanan [R-FL] | Rep. Linda Sanchez [D-CA] |
| Rep. Jackie Walorski [R-IN] | Rep. Bill Pascrell [D-NJ] | Rep. Darin LaHood [R-IL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-02-11 | House | Referred to the House Committee on Ways and Means. |
| 2020-02-11 | House | Introduced in House |
Same As/Similar To
SB3270 (Related) 2020-02-11 - Read twice and referred to the Committee on Finance.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/5851/all-info |
| Text | https://www.congress.gov/116/bills/hr5851/BILLS-116hr5851ih.pdf |
