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ESOP Funding for SBA Position Act of 2025
To establish a position in the Small Business Administration to provide to small businesses assistance with establishing employee stock ownership plans, and for other purposes.
Summary
This bill establishes a position within the Small Business Administration to assist small businesses in establishing employee stock ownership plans (ESOPs). The position would provide guidance on ESOP establishment, including tax treatment, regulatory compliance, stock valuation, and funding opportunities, and would coordinate with relevant federal agencies and private entities to provide tailored assistance. The SBA Administrator must submit annual reports to Congress on the position's activities, including the number of small businesses assisted and policy recommendations for improving the ESOP process. The bill authorizes $500,000 in funding for the fiscal year of enactment and such additional sums as necessary to carry out the program.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Case, Ed [D-HI-1] (D-HI)
8 cosponsors
Money behind the sponsor
Top reported contributors to Ed Case’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $16,800
- ATS COMMUNICATIONS, INC $6,600
- ONEBRIEF, INC $6,600
- PETERSON MANAGEMENT LLC $6,600
- TRIDENT RESEARCH LLC $6,500
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Ed Case → · Outside spending →
Actions (3)
- Apr 24, 2025 Referred to the House Committee on Small Business. · house
- Apr 24, 2025 Introduced in House
- Apr 24, 2025 Sponsor introductory remarks on measure. (CR E337)
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
April 24, 2025
Mr. Case (for himself, Mr. Bresnahan, and Ms. Tlaib) introduced the following bill; which was referred to the Committee on Small Business
A BILL
To establish a position in the Small Business Administration to provide to small businesses assistance with establishing employee stock ownership plans, 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 “ESOP Funding for SBA Position Act of 2025”.
SEC. 2. ESTABLISHMENT OF ESOP SUPPORT POSITION.
(a) In General.—There is established in the Administration a position in the competitive service (as such term is defined in section 2102 of title 5, United States Code) which shall be appointed by the Administrator and responsible for providing small business concerns assistance with establishing employee stock ownership plans.
(b) Responsibilities.—The responsibilities of the position established under subsection (a) include—
(1) providing guidance to small business concerns on establishing employee stock ownership plans, including tax treatment of such plans, regulatory compliance, stock valuation, and opportunities to acquire funding to establish such a plan;
(2) coordinating with relevant public and private entities to provide assistance and resources for establishing employee stock ownership plans that are tailored for small business concerns;
(3) coordinating with the relevant personnel at the Department of Labor to assist small business concerns establishing employee stock ownership plans with compliance with all relevant regulatory requirements;
(4) advocating for appropriate guidance from relevant Federal agencies, including the Department of Labor, regarding regulations relating to establishing and maintaining employee stock ownership plans, including regulations regarding stock valuation and employee ownership; and
(5) such other responsibilities as determined appropriate by the Administrator.
SEC. 3. REPORTING.
Not later than one year after the date of the enactment of this Act, and annually thereafter, the Administrator shall submit to Congress a report on the activities of the position established under section 2(a), including the number of small business concerns that have received assistance from such position, the types of assistance and resources provided to small business concerns by such position, and any policy recommendations for improving the process for small business concerns to establish and maintain employee stock ownership plans.
SEC. 4. DEFINITIONS.
In this Act:
(1) Administration.—The term “Administration” means the Small Business Administration.
(2) Administrator.—The term “Administrator” means the Administrator of the Administration.
(3) Employee stock ownership plan.—The term “employee stock ownership plan” has the meaning given such term in section 4975(e)(7) of the Internal Revenue Code of 1986 (26 U.S.C. 4975(e)(7)).
(4) Small business concern.—The term “small business concern” has the meaning given such term under section 3 of the Small Business Act (15 U.S.C. 632).
SEC. 5. AUTHORIZATION OF APPROPRIATIONS.
There is authorized to be appropriated such sums as are necessary to carry out this Act, except that, for the fiscal year in which this Act is enacted, there is authorized $500,000 to carry out this Act. <all>
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