Promotion and Expansion of Private Employee Ownership Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 2461 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 2461 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. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES July 24, 2025 Mr. Daines (for himself, Ms. Hassan, Mrs. Blackburn, Ms. Smith, Mr. Grassley, Mr. Van Hollen, Mr. Tillis, Mr. Sanders, Mr. Young, Mr. Welch, Mr. Risch, Ms. Hirono, Ms. Cantwell, and Mr. Husted) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL 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. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Promotion and Expansion of Privat…