# 119-hr-2014: Reduction of Excess Business Holding Accrual Act

119-hr-2014, Reduction of Excess Business Holding Accrual Act, is a 119th Congress bill sponsored by Rep. Steube, W. Gregory [R-FL-17] (R-FL); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-2014
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-2014
- Congress: 119
- Title: Reduction of Excess Business Holding Accrual Act
- Status: introduced
- Introduced: 2025-03-10
- Sponsor: Rep. Steube, W. Gregory [R-FL-17] (R-FL)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**ESOP-derived voting stock exemption.** This bill would let private foundations treat certain nonpublic voting shares that a business buys from an Employee Stock Ownership Plan as outstanding voting stock for the excess business holdings tax, while capping the effect at 49 percent and excluding plans in their first 10 years. - Private foundations: Could count some ESOP-sourced, nonpublic voting stock toward their permitted holdings, potentially raising the share of a business they may hold up to a 49 percent cap. - Businesses and ESOP participants: Applies when a business purchases distributed ESOP stock on or after January 1, 2020 and holds it as treasury stock, cancels it, or retires it. The rule does not apply to purchases from plans during the first 10 years after the plan is established. - Administrative effect: The bill says that any drop in a foundation's percentage caused by this treatment will not trigger the separate statutory adjustment in Section 4943(c)(4)(A)(ii), preventing a related technical penalty from applying.

## Provisions PRIA read

- New employee stock plan rule for foundations: benefit, low. This bill would change how private foundations count voting stock for the excess business holdings tax. Non‑public shares a company buys from its employee stock ownership plan (ESOP) on or after January 1, 2020, in connection with a plan distribution, could be treated as outstanding if held as trea…

## Related bills

- 119-hr-4669: FEMA Act of 2025
- 119-hr-2570: Maximum Pressure Act
- 119-hr-9109: Stop ANTIFA Act of 2026
- 119-hr-687: MERIT Act of 2025
- 119-hr-4206: CONNECT for Health Act of 2025
- 119-hr-9298: Stopping Harmful and Outrageous Torts Act

## Sources
- [119-hr-2014 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/2014)

## Related
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-2570: Maximum Pressure Act](https://policyrisk.com/legislation/119-hr-2570)
- [119-hr-9109: Stop ANTIFA Act of 2026](https://policyrisk.com/legislation/119-hr-9109)
- [119-hr-687: MERIT Act of 2025](https://policyrisk.com/legislation/119-hr-687)
- [119-hr-4206: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-hr-4206)
- [119-hr-9298: Stopping Harmful and Outrageous Torts Act](https://policyrisk.com/legislation/119-hr-9298)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-2014 (as of 2026-04-21).