Proposed
Bill · 119th Congress · HR 9792
Employee Ownership Fairness Act of 2026
Refreshed 32 min ago
Introduced 2026-07-20Topic: labor · taxes · economy jobsSummary
AI-generated summary, report an errorThis bill changes federal tax and retirement law for employee stock ownership plans (ESOPs), which give workers shares in the company they work for. Contributions of company stock to an ESOP, and contributions used to repay loans taken out to buy company stock, would no longer count toward the yearly limits on how much can be added to a worker's retirement accounts or how much an employer can deduct. The deduction limits would be applied to an ESOP separately from any other retirement plan the employer offers, such as a 401(k). Forfeited amounts reassigned to workers' ESOP accounts would also not count toward the yearly limits. The changes would apply to plan years beginning after the bill becomes law.
Sponsors
- Scott Perry Republican sponsor
- 0 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-07-20 | House | Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Workforce, 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. | refer |
| 2026-07-20 | House | Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Workforce, 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. | refer |
| 2026-07-20 | Introduced in House | introduce | |
| 2026-07-20 | Introduced in House | introduce |