This is a manually-updated snapshot, current as of the last edit.
Bill numbers and stages can shift — two of the original bills in this space
(S. 2474 and S. 2458) were already absorbed into S. 1728 mid-stream. A live version
pulling directly from Congress.gov is planned for a future update.
S. 2403 / H.R. 5169
Retire Through Ownership Act
Creates an ERISA safe harbor letting ESOP fiduciaries rely on an independent appraiser's valuation — resolving the Department of Labor litigation fear that has chilled ESOP formation.
IntroducedCommittee1 Chamber2 ChambersLaw
House only
The ask: already passed the Senate unanimously and cleared the House Education & Workforce Committee unanimously. It only needs House leadership to schedule a floor vote — ask your representative to press leadership directly.
Sponsor: Rep. Rick Allen (R-GA)
S. 1728
Employee Ownership Representation Act
Adds two ESOP-company representatives to the federal ERISA Advisory Council.
IntroducedCommittee1 Chamber2 ChambersLaw
House only
The ask: passed the Senate unanimously, but no House companion bill exists yet at all — a different problem than "schedule a vote." Ask your representative to introduce one, ideally someone on the Education & Workforce Committee.
Sponsors: Sen. Bill Cassidy (R-LA), Sen. Maggie Hassan (D-NH)
S. 1727 / H.R. 9792
Employee Ownership Fairness Act
Excludes ESOP stock contributions from the annual caps that otherwise apply to defined-contribution retirement plans, so participants can also fully use a 401(k) alongside their ESOP.
IntroducedCommittee1 Chamber2 ChambersLaw
SenateHouse
The ask: stalled in the Senate HELP Committee — never got a floor vote. The House version (H.R. 9792) was just introduced and needs cosponsors. This is the one bill where contacting your senator is actually useful right now — ask them to push it out of committee. Separately, ask your representative to cosponsor H.R. 9792.
H.R. 9792 sponsor: Rep. Scott Perry (R-PA)
H.R. 3105 / S. 2461
Promotion and Expansion of Private Employee Ownership Act
Expands S-corporation ESOP eligibility, streamlines related tax and SBA provisions, creates a Treasury assistance office for S-corp ESOPs.
IntroducedCommittee1 Chamber2 ChambersLaw
SenateHouse
The ask: earliest-stage of the bipartisan bills — pending in the House Ways and Means Committee and the Senate Finance Committee. Ask both your representative and senator to cosponsor and push for committee movement.
House sponsors: Rep. Mike Kelly (R-PA), Rep. Jimmy Panetta (D-CA) · Senate sponsors: Sen. Steve Daines (R-MT), Sen. Maggie Hassan (D-NH)
H.R. 3248 / S. 1645
American Ownership and Resilience Act
Creates a Commerce Department investment facility offering federally-backed financing for converting private businesses to employee ownership — directly targets the $100K–$300K formation-cost barrier.
IntroducedCommittee1 Chamber2 ChambersLaw
SenateHouse
The ask: early-stage, pending in both chambers. Ask your representative and senator to cosponsor.
Sponsors: Sen. Chris Van Hollen (D-MD), Sen. Jerry Moran (R-KS), Rep. Blake Moore (R-UT), Rep. Lori Trahan (D-MA)
S. 1101
SHARE Plan Act
A 3-percentage-point corporate tax cut for companies that distribute annual stock grants worth 1% of pay to their lowest-paid 80% of employees. Broader than ESOP specifically, same underlying goal.
IntroducedCommittee1 Chamber2 ChambersLaw
Senate
The ask: Senate-only for now — no confirmed House companion found yet. Ask your senator to cosponsor and to encourage a House companion to be introduced.
H.R. 5778
Improving SBA Engagement on Employee Ownership Act
Directs the SBA to actually implement the Main Street Employee Ownership Act's requirements and expand ESOP/worker-cooperative outreach.
IntroducedCommittee1 Chamber2 ChambersLaw
House only
The ask: passed the House Small Business Committee by unanimous vote (Nov. 18, 2025). No Senate companion confirmed. Ask your representative to press for a floor vote.
Sponsor: Rep. LaMonica McIver (D-NJ)
H.R. 2993
ESOP Funding for SBA Position Act
Funds a dedicated SBA staff position specifically for ESOP support.
IntroducedCommittee1 Chamber2 ChambersLaw
House only
The ask: early stage. Ask your representative to cosponsor.