S 2843 · 97th Congress · Labor and Employment

Employee Stock Ownership Plan Expansion Act

Introduced 1982-08-16· Sponsored by Sen. Dixon, Alan J. [D-IL]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Finance requested executive comment from OMB; Treasury Department.(1982-08-18)

Plain Language Summary

[AI summary unavailable — showing source text] Employee Stock Ownership Plan Expansion Act - Amends the Internal Revenue Code to limit the application of the stock voting rights pass through requirements to only those employee stock ownership plans which elect to take the employee stock ownership tax credits. Allows such plans to acquire nonvoting stock provided such plans elect not to take the employee stock ownership tax credits.…

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

Cosponsors (1)

1 Republican
Sen. Stevens, Ted [R-AK]AK