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119-hr-2993119th CongressWALLET

ESOP Funding for SBA Position Act of 2025

Sponsored By: Representative Case, Ed [D-HI-1]

Introduced

Summary

Creates an SBA position to help small businesses set up employee stock ownership plans. It would centralize ESOP guidance, agency coordination, and annual reporting so firms get targeted help starting and maintaining employee ownership plans.

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  • Small businesses: Would receive direct guidance on establishing ESOPs, including tax treatment, regulatory compliance, stock valuation, and funding options.
  • Workers: Makes it easier for employees to gain ownership by helping firms design, value, and fund employee stock ownership plans.
  • SBA and federal agencies: Requires the Administrator to appoint the position in the competitive service, coordinate with the Department of Labor and private partners, advocate for agency guidance, and submit annual reports to Congress on assistance and recommendations.

*Would increase federal spending, authorizing such sums as necessary and $500,000 for the first fiscal year.*

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

New SBA help for employee ownership plans

If enacted, the SBA would create a new staff position to help small businesses start employee stock ownership plans (ESOPs). The position would give guidance on taxes, rules, valuing shares, and ways to fund a plan. It would work with the Department of Labor and other partners, and push for clearer federal ESOP guidance. The SBA Administrator would report to Congress within one year and every year after on how many firms were helped and what was done. The bill would authorize funding as needed and specifically $500,000 for the first fiscal year.

Sponsors & CoSponsors

Sponsor

Case, Ed [D-HI-1]

HI • D

Cosponsors

  • Rep. Bresnahan, Robert P. [R-PA-8]

    PA • R

    Sponsored 4/24/2025

  • Rep. Tlaib, Rashida [D-MI-12]

    MI • D

    Sponsored 4/24/2025

  • Rep. Neguse, Joe [D-CO-2]

    CO • D

    Sponsored 5/19/2025

  • Rep. Craig, Angie [D-MN-2]

    MN • D

    Sponsored 5/19/2025

  • Rep. Fitzpatrick, Brian K. [R-PA-1]

    PA • R

    Sponsored 5/29/2025

  • Rep. Suozzi, Thomas R. [D-NY-3]

    NY • D

    Sponsored 7/10/2025

  • Rep. Carson, André [D-IN-7]

    IN • D

    Sponsored 9/8/2025

  • Rep. Nunn, Zachary [R-IA-3]

    IA • R

    Sponsored 9/30/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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