House Bill 5851
116th Congress(2019-2020)
2019 ESOP Fairness Act
Introduced
Introduced in House on Feb 11, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
5851
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
2019 ESOP Fairness Act
This bill allows certain over-the-counter securities to be treated as publicly traded employer securities for purposes of the diversification requirements for employee stock ownership plans (ESOPs).
February 11, 2020
02/11/2020
Referred to the House Committee on Ways and Means.
02/11/2020
Introduced in House
Public Record
Record Updated
Feb 8, 2022 11:17:44 PM