HR6418Referred to Committee

Employee Profit-Sharing Encouragement Act of 2025

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-12-03
Introduced
1
Cosponsors
HR
ⓘ
Type

Sponsor

Bonnie Watson Coleman
Bonnie Watson Coleman
Democrat · NJ · Representative
Votes with party: 97.9% (605 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 →

Referred to the House Committee on Ways and Means.

2025-12-03

Source: Congress.gov

Committee Activity

Currently in

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
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Open text viewRead on Congress.gov

Related legislation

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