HR6418Referred to Committee
Employee Profit-Sharing Encouragement Act of 2025
Introduced
In Committee
3
Passed One Chamber4
Passed Both5
Signed into Law119th
Congress
2025-12-03
Introduced
1
Cosponsors
HR
ⓘType
Sponsor
Bonnie Watson Coleman
Democrat · NJ · Representative
Votes with party: 97.8% (603 recorded votes)
Full profile: /officials/W000822
Source: Congress.gov · FEC
Cosponsors (1)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
1 cosponsor on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Committee Activity
Currently in
- House Committee on Ways and MeansReferred To · 2025-12-03
Plain-English Summary
The legislation would provide tax incentives to encourage companies to share profits with their employees through special retirement accounts or cash bonuses. Workers who receive these profit-sharing payments would get tax breaks on the money, while employers would receive tax deductions for setting up or contributing to profit-sharing plans. The goal is to help employees build wealth and retirement savings while giving businesses a financial reason to involve workers in company profits.
AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.
Subjects
Taxation
Full bill text is not yet cached locally.
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