Pro-ESOP Bill H.R. 4837 Introduced

Pro-ESOP Bill H.R. 4837 Introduced

by The ESOP Association | June 20, 2014

On June 11, 2014 , H.R. 4837, the Promotion and Expansion of Private Employee Ownership Act, was introduced by Congressmen David G. Reichert (R-WA), Ron Kind (D-WI), Earl Blumenauer (D-OR), Charles W. Boustany, Jr. (R-LA), Richard E. Neal (D-MA), Bill Pascrell, Jr. (D-NJ), Erik Paulsen (R-MN), and Pat Tiberi (R-OH).

H.R. 4837 is similar to S. 742, which was introduced in early 2013 by a bi-partisan group of Senators led by Senator Ben Cardin (D-MD). H.R. 4837 would amend the Internal Revenue Code of 1986 and the Small Business Act to expand the availability ESOPs in S corporations.

The ESOP Association expresses strong support for H.R. 4837.
For a one page description of H.R. 4837, click here.
To watch a Legislative Update from ESOP Association President, J. Michael Keeling, use this link: http://youtu.be/EuzC7t8eQn4.
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The ESOP Association is the national trade association for companies with employee stock ownership plans (ESOPs) and the leading voice in America for employee ownership. The core cause of The ESOP Association is the belief that employee ownership will improve American competitiveness, increase productivity through greater employee participation, and strengthen our free enterprise economy. More information: website – www.esopassociation.org and blog –www.esopassociationblog.org.