US Congress Senate Bill 742 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on April 16 2013 - 25% progression, died in committee
Action: 2013-04-16 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Promotion and Expansion of Private Employee Ownership Act of 2013 - Amends the Internal Revenue Code to extend to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer securities to an S corporation-sponsored employer stock ownership plan (ESOP). Directs the Secretary of the Treasury to establish the S Corporation Employee Ownership Assistance Office to foster increased employee ownership of S corporations. Amends the Small Business Act to define "ESOP business concern" and allow such a concern to continue to qualify for loans, preferences, and other programs under such Act.

Promotion and Expansion of Private Employee Ownership Act of 2013

Sen. Benjamin Cardin [D-MD]	Sen. Tammy Baldwin [D-WI]	Sen. Roy Blunt [R-MO]	Sen. Sherrod Brown [D-OH]
Sen. Maria Cantwell [D-WA]	Sen. Susan Collins [R-ME]	Sen. Mike Crapo [R-ID]	Sen. Al Franken [D-MN]
Sen. Heidi Heitkamp [D-ND]	Sen. John Hoeven [R-ND]	Sen. Tim Johnson [D-SD]	Sen. Amy Klobuchar [D-MN]
Sen. Mary Landrieu [D-LA]	Sen. Patrick Leahy [D-VT]	Sen. Jerry Moran [R-KS]	Sen. James Risch [R-ID]
Sen. Pat Roberts [R-KS]	Sen. Bernard Sanders [I-VT]	Sen. Debbie Stabenow [D-MI]	Sen. Jon Tester [D-MT]
Sen. John Thune [R-SD]	Sen. Sheldon Whitehouse [D-RI]

Date	Chamber	Action
2013-04-16	Senate	Read twice and referred to the Committee on Finance.

HB4837 (Related) 2014-11-17 - Referred to the Subcommittee on Health, Employment, Labor, and Pensions.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/742/all-info
Text	https://www.congress.gov/113/bills/s742/BILLS-113s742is.pdf