H.R. 4141: Promotion and Expansion of Private Employee Ownership Act of 2021

117th Congress · introduced 2021-06-24 · Taxation · Latest: Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, and Education and Labor, 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.

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Follow this bill, step by step

Where it came from: introduced 2021-06-24 · official record
Who proposed it: Rep. Kind, Ron [D-WI-3] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, and Education and Labor, 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. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Promotion and Expansion of Private Employee Ownership Act of 2021

Plain summary

Promotion and Expansion of Private Employee Ownership Act of 2021 This bill expands tax incentives and federal assistance for employee stock ownership plans (ESOPs) that are sponsored by S corporations. The bill provides additional tax incentives for ESOPs by (1) extending to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer securities to an ESOP; and (2) allowing a tax deduction for 50% of the interest received by a bank on loans to S corporation-sponsored ESOPs for the purchase of employer securities. The Department of the Treasury must establish the S Corporation Employee Ownership Assistance Office to foster increased employee ownership of S corporations. The bill defines an ESOP business concern for purposes of the Small Business Act as a business concern that was eligible for a loan, preference, or other program under such Act before more than 49% of the business concern was acquired by an ESOP.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

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If it passes both chambers and is signed, it becomes law.

A “Nay” vote

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What does this mean? (plain words)

Official text

Promotion and Expansion of Private Employee Ownership Act of 2021

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Kind, Ron [D-WI-3] · 73 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Jason Smith (R-MO), Mike Kelly (R-PA), Danny K. Davis (D-IL), Lloyd Smucker (R-PA), Linda T. Sánchez (D-CA), Dwight Evans (D-PA), Robin L. Kelly (D-IL), Burgess Owens (R-UT), Brendan F. Boyle (D-PA), Tim Burchett (R-TN), Eric A. "Rick" Crawford (R-AR), Thomas R. Suozzi (D-NY), Ben Cline (R-VA), Young Kim (R-CA), John R. Curtis (R-UT), Jodey C. Arrington (R-TX), Blake D. Moore (R-UT), Nanette Diaz Barragán (D-CA), Glenn Grothman (R-WI), Dina Titus (D-NV), Sharice Davids (D-KS), Madeleine Dean (D-PA), Adrian Smith (R-NE), Robert B. Aderholt (R-AL), Bryan Steil (R-WI), Bill Foster (D-IL), Paul Tonko (D-NY), Tracey Mann (R-KS), Julia Brownley (D-CA), Ken Calvert (R-CA), Mike Quigley (D-IL), Gwen Moore (D-WI), Angie Craig (D-MN), Darin LaHood (R-IL), Scott Fitzgerald (R-WI), Brian K. Fitzpatrick (R-PA), Suzanne Bonamici (D-OR), Warren Davidson (R-OH), Terri A. Sewell (D-AL) and 13 more.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (3)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Securities: Financial investments that can be bought and sold, such as stocks and bonds.
Sponsor and cosponsor: The sponsor is the member who introduces a bill and leads it. Cosponsors are other members who sign on to show support.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-117hr4141.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/hr>

Record fed-us-cong117-hr4141 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117