President Ronald Reagan on Employee Ownership.

The 118th Congress (2023-2025) has adjourned.  Once a Congress adjourns, at the end of its two-year cycle, all bills that have been introduced in either the House or the Senate that have not made it through the entire legislative process and signed into law are dead. A historical archive of ESOP legislation is provided below:

• ESOP legislation introduced during the 115^th Congress is available at the following link .
• ESOP legislation introduced during the 116^th Congress is available at the following link.
• ESOP Legislation introduced during the 117^th Congress is available at the following link.
• ESOP Legislation introduced during the 117^th Congress is available at the following link.
• ESOP Legislation introduced during the 118^th Congress is available at the following link.

The 119th Congress will convene Jan 3, 2025 and run through Jan 3 2027.  This page provides a link to the bills associated with Employee Ownership that were introduced during this legislative session, a short summary, the numbers of co-sponsors and which Indiana Senator or Representative(s) has supported these bills.

Last update: May 9, 2025

Senate:

S.1645 – American Ownership and Resilience Act; A bill to establish a domestic ownership investment facility, and for other purposes. Introduced by Senator Van Hollen (D-MD), cosponsors 6 total 4R and 3D.  Senator Tod Young is a cosponsor of this bill.

S.1727 – A bill to amend the Employee Retirement Income Security Act of 1974 to permit employee stock ownership plan participants to benefit from the full amount of beneficial ownership that can be accrued in the plan while also fully realizing the benefits of saving for retirement in a defined contribution plan. Introduced by Senator Bill Cassidy (R-LA).

S.1728 – A bill to amend the Employee Retirement Income Security Act of 1974 to expand the membership of the Advisory Council on Employee Welfare and Pension Benefit Plans to include representatives of employee ownership organizations.  Introduced by Senator Bill Cassidy (R-LA).

House:

H.R.3248 – American Ownership and Resilience Act; bill to establish a domestic ownership investment facility, and for other purposes. Introduced by Rep. Blake Moore (R-UT-1), with 3 cosponsors, 2D, 1R.

HR2993 – To establish a position in the Small Business Administration to provide to small businesses assistance with establishing employee stock ownership plans, and for other purposes. Introduced by Rep. Ed Case (D-HI-1), cosponsors 4, 1R and 3D.

HR3105 – To amend the Internal Revenue Code of 1986 and the Small Business Act to expand the availability of employee stock ownership plans in S corporations, and for other purposes. Introduced by Rep. Mike Kelly (R-PA-16), cosponsors 11, 5R and 6 D.

Don’t see your Senator/ Representatives supporting the above bills?  Want to get involved?  Not sure whom to contact (Senators, Representatives)? The ESOP Association has an Advocacy kit that is available FREE, the kit contains sample letters and information which you may use when contacting your elected representatives.  Need help, have a question? contact INCEO.