The One-Stop ESOP Blog

H.R. 2096: Promotion and Expansion of Private Employee Ownership Act of 2015 was introduced on April 29, 2015, by Rep. Reichert [R-WA], and was originally co-sponsored by Blumenauer, Earl [D-OR], Boustany, Charles [R-LA], Kind, Ron [D-WI], Neal, Richard [D-MA], Pascrell, Bill [D-NJ], Paulsen, Erik [R-MN], and Tiberi, Patrick “Pat” [R-OH].  As of May 21, 8 additional co-sponsors have signed on to the legislation: Ashford, Brad [D-NE2], Dold, Bob [R-IL10], Moore, Gwen [D-WI4], Conyers, John [D-MI13], Davis, Rodney [R-IL13], Goodlatte, Bob [R-VA6], Marchant, Kenny [R-TX24], and Smith, Jason [R-MO8].  It has been referred to the House Education and the Workforce Committee, the House Small Business Committee, and the House Ways and Means Committee.

H.R. 4837: Promotion and Expansion of Private Employee Ownership Act of 2014 was introduced on June 11, 2014, by Rep. Reichert [R-WA], and was originally co-sponsored byBlumenauer, Earl [D-OR], Boustany, Charles [R-LA], Kind, Ron [D-WI], Neal, Richard [D-MA], Pascrell, Bill [D-NJ], Paulsen, Erik [R-MN], and Tiberi, Patrick “Pat” [R-OH].  As of July 31additional co-sponsors include Fitzpatrick, Michael [R-PA], Ruppersberger, A. Dutch [D-MD], Bonamici, Suzanne [D-OR], Moore, Gwen [D-WI], Jenkins, Lynn [R-KS], Peters, Gary [D-MI],Roskam, Peter [R-IL], Thompson, Mike [D-CA], Courtney, Joe [D-CT], Reed, Tom [R-NY], Connolly, Gerald [D-VA], and Schock, Aaron [R-IL].  It has been referred to the House Education and the Workforce Committee, the House Small Business Committee, and the House Ways and Means Committee.

A press release from the office of Sen. Bernard Sanders [I-VT] announces the introduction of S. 2411: United States Employee Ownership Bank Act and S. 2412: Employee Ownership and Participation Initiative that would expand employee stock ownership plans (ESOPs) and employee ownership:

S. 2412: Employee Ownership and Participation Initiative was introduced on June 2, 2014, by Sen. Bernard Sanders [I-VT] and co-sponsored by Sen. Sherrod Brown [D-OH], and Sen. Patrick Leahy [D-VT].  It has been referred to the  Senate Committee on Health, Education, Labor, and Pensions, and the committee chair, Sen. Thomas “Tom” Harkin [D-IA] will determine whether the bill will move past the committee stage.

S. 2411: United States Employee Ownership Bank Act was introduced on June 2, 2014, by Sen. Bernard Sanders [I-VT] and co-sponsored by Sen. Sherrod Brown [D-OH], and Sen. Patrick Leahy [D-VT].  It has been referred to the Senate Committee on Banking, Housing, and Urban Affairs, and the committee chair, Sen. Tim Johnson [D-SD], will determine whether the bill will move past the committee stage.