S2461Referred to Committee

Promotion and Expansion of Private Employee Ownership Act of 2025

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-07-24
Introduced
31
Cosponsors
S
ⓘ
Type

Sponsor

Steve Daines
Steve Daines
Republican · MT · Senator
Votes with party: 75.9% (833 recorded votes)

Full profile: /officials/D000618

Source: Congress.gov · FEC

Cosponsors (31)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

31 cosponsors 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 →

Read twice and referred to the Committee on Finance.

2025-07-24

Source: Congress.gov

Committee Activity

Previously

Plain-English Summary

The legislation would expand tax incentives and reduce regulatory barriers to help workers buy ownership stakes in the companies where they work through employee stock ownership plans (ESOPs) and similar programs. It aims to make it easier and more affordable for employees to become partial owners of their businesses while giving companies tax breaks for facilitating these arrangements. The changes would primarily affect workers seeking ownership opportunities and businesses looking to share ownership with their employees.

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
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Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.