Bills/H.R. 2993

ESOP Funding for SBA Position Act of 2025

ESOP Funding for SBA Position Act of 2025

In CommitteeEconomyHouseHouse Bill · 119th Congress
Bill Progress · House
Introduced
Committee
Passed House
Passed Senate
Passed Both
Signed

Plain Language Summary

# ESOP Funding for SBA Position Act of 2025 - Summary **What the Bill Does:** This bill would establish funding for a new position within the Small Business Administration (SBA) focused on Employee Stock Ownership Plans (ESOPs). ESOPs are programs that allow employees to own a stake in the companies where they work. The bill aims to create dedicated staff and resources at the SBA to help small businesses understand and implement these employee ownership programs. **Who It Affects:** The bill primarily impacts small business owners interested in transitioning to employee ownership models, as well as workers who could benefit from ESOP programs.

The SBA and potentially existing small business support services would also be affected, as they would take on new responsibilities related to ESOP education and assistance. **Current Status:** The bill was introduced by Representative Ed Case (D-HI) and is currently in committee, meaning it has not yet been voted on by the full House. At this stage, it remains under review and has not advanced further in the legislative process.

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Latest Action

April 24, 2025

Referred to the House Committee on Small Business.

Sponsor

D
Case, Ed [D-HI-1]
D-HI · House
8 cosponsors

Key Dates

Introduced
April 24, 2025
Last Updated
April 24, 2025
Read Full Text on Congress.gov →
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