Congress·In Committee·H.R. 3105

Promotion and Expansion of Private Employee Ownership Act of 2025

Employee Ownership: Expanding Stock Plans for Workers

about 1 year ago·View on Congress.gov·Read full text

This bill is currently in the early stages of the legislative process and is being reviewed by three different committees in the House of Representatives. It is actively moving through the initial steps, but no future votes or hearings have been scheduled yet. There is no companion bill currently linked to this proposal.

Legislative Progress

House

Senate

President

Law

Likely to pass

This bill has strong bipartisan support from both parties and builds on previous popular laws that encouraged retirement savings.

Key Points

This bill makes it easier for workers to own a piece of the company where they work. It focuses on S corporations, which are a common type of private business. By helping these companies set up employee stock ownership plans, more workers can build retirement savings through company ownership instead of just a regular paycheck.
Business owners who sell their company stock to an employee plan would get better tax breaks. Currently, there are limits on how much tax they can delay paying when they sell. This bill removes those limits and makes the benefits available sooner, which encourages owners to sell to their employees rather than to outside investors.
Small businesses would keep their special government benefits even if their employees own most of the company. Right now, a business might lose its small business status if an employee plan buys more than 49 percent of it. This bill ensures they can still get small business loans and government contracts by counting each worker as an owner.
The government would create two new offices to help with this transition. One office at the Treasury Department would give technical advice to companies. Another person at the Labor Department would act as an advocate for workers and help solve problems between companies and the government regarding these ownership plans.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions

Apr 30, 2025House

Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, and Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

Apr 30, 2025

Introduced in House

The bill was officially filed and given a number. It now enters the legislative queue.

Votes

No votes have been recorded for this legislation yet.

News

No related news coverage found for this legislation yet.

Source Information

Document Type

Congressional Bill

Official Title

Promotion and Expansion of Private Employee Ownership Act of 2025

Bill NumberHR 3105

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred to the Committee on Ways and Means, and in addition to the Committees on Small Business, and Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.