US Congress Senate Bill 1512 (Prior Session Legislation)

---

September 6 2011 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Promotion and Expansion of Private Employee Ownership Act of 2011 - Amends the Internal Revenue Code to extend to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer securities to an S corporation-sponsored employer stock ownership plan (ESOP). Directs the Secretary of the Treasury to establish the S Corporation Employee Ownership Assistance Office to foster increased employee ownership of S corporations. Amends the Small Business Act to define "ESOP business concern" and allow such a concern to continue to qualify for loans, preferences, and other programs under such Act.

Promotion and Expansion of Private Employee Ownership Act of 2011

Sen Cardin, Benjamin L.	Sen Blunt, Roy	Sen Brown, Scott P.	Sen Cantwell, Maria
Sen Collins, Susan M.	Sen Conrad, Kent	Sen Hoeven, John	Sen Johnson, Tim
Sen Klobuchar, Amy	Sen Kohl, Herb	Sen Landrieu, Mary L.	Sen Leahy, Patrick J.
Sen Lieberman, Joseph I.	Sen Moran, Jerry	Sen Roberts, Pat	Sen Sanders, Bernard
Sen Snowe, Olympia J.	Sen Stabenow, Debbie	Sen Tester, Jon	Sen Thune, John
Sen Whitehouse, Sheldon

Date	Chamber	Action
2011-09-06	Senate	Read twice and referred to the Committee on Finance.

HB1244 (Related) 2011-04-15 - Referred to the Subcommittee on Health, Employment, Labor, and Pensions.

Type	Source
Summary	http://thomas.loc.gov/cgi-bin/bdquery/z?d112:SN01512:@@@L&summ2=m&
Text	http://gpo.gov/fdsys/pkg/BILLS-112s1512is/pdf/BILLS-112s1512is.pdf