Carey Introduces S Corporation Modernization Act to Strengthen Small Businesses and Promote Growth

This press release from Representative Mike Carey (R-OH) was published on 2026-07-24 and titled "Carey Introduces S Corporation Modernization Act to Strengthen Small Businesses and Promote Growth".

Carey Introduces S Corporation Modernization Act to Strengthen Small Businesses and Promote Growth

WASHINGTON, D.C. – This week, U.S. Rep. Mike Carey (R-Ohio-15) introduced the S Corporation Modernization Act, legislation to modernize outdated tax rules affecting S corporations, helping businesses access capital, expand employee ownership, and compete in today’s economy. S corporations are the backbone of our economy, supporting tens of millions of jobs and driving economic growth [ ]