HR 2468 · 105th Congress · Labor and Employment

American Profit Sharing Act

Introduced 1997-09-11· Sponsored by Rep. Fattah, Chaka [D-PA-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Employer-Employee Relations.(1997-09-26)

Plain Language Summary

[AI summary unavailable — showing source text] American Profit Sharing Act - Permits the provision of Federal contracts and certain Federal subsidies only to businesses which have a stock bonus or profit-sharing plan. Excepts start-up small businesses for one year unless such business has: (1) been in existence for at least ten prior years; (2) more than five full-time employees (or their equivalent) at any time during the year; and (3) a gross income exceeding $10 million.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

20 Democrats
Rep. Filner, Bob [D-CA-50]CA
Rep. Hastings, Alcee L. [D-FL-23]FL
Rep. Borski, Robert A. [D-PA-3]PA
Rep. Kaptur, Marcy [D-OH-9]OH
Rep. Bonior, David E. [D-MI-10]MI
Rep. Olver, John W. [D-MA-1]MA
Del. Christian-Green, Donna M. [D-VI-At Large]VI
Rep. Sabo, Martin Olav [D-MN-5]MN
Rep. Hilliard, Earl F. [D-AL-7]AL
Rep. Barrett, Thomas M. [D-WI-5]WI
Del. Faleomavaega, Eni F. H. [D-AS-At Large]AS
Rep. Lipinski, William O. [D-IL-3]IL
Rep. Gutierrez, Luis V. [D-IL-4]IL
Rep. Clay, William (Bill) [D-MO-1]MO
Rep. Brown, Corrine [D-FL-3]FL
Rep. Martinez, Matthew G. [D-CA-31]CA
Rep. Hinchey, Maurice D. [D-NY-26]NY
Rep. Bishop, Sanford D., Jr. [D-GA-2]GA
Rep. McGovern, James P. [D-MA-3]MA
Rep. Towns, Edolphus [D-NY-10]NY