# 119-s-1416: Reduction of Excess Business Holding Accrual Act

119-s-1416, Reduction of Excess Business Holding Accrual Act, is a 119th Congress bill sponsored by Sen. Scott, Rick [R-FL] (R-FL); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-1416
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1416
- Congress: 119
- Title: Reduction of Excess Business Holding Accrual Act
- Status: introduced
- Introduced: 2025-04-10
- Sponsor: Sen. Scott, Rick [R-FL] (R-FL)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**This bill would allow certain employee-owned shares repurchased from ESOPs to be treated as outstanding voting stock for private foundations' excess business holdings rules.** It would count non-public voting stock that a company buys on or after January 1, 2020 from an employee stock ownership plan in connection with a distribution and then holds as treasury stock, cancelled, or retired as outstanding stock, but only to the extent that doing so would not make permitted foundation holdings exceed 49 percent. Purchases made during the first 10 years after an ESOP is established are excluded. It would also prevent the usual percentage-reduction rule from applying when the decrease in a foundation's percentage is caused by this treatment. The change would apply to taxable years ending after enactment.

## Provisions PRIA read

- ESOP stock counting for foundations: benefit, low. This bill would change how private foundations count some company stock for excess-holding rules. If enacted, foundations would count certain voting shares a company bought from its employee stock ownership plan as outstanding voting stock. The rule would apply only to non‑public voting stock bough…

## Related bills

- 119-s-2120: Older Americans Act Reauthorization Act of 2025
- 119-s-1541: SHIPS for America Act of 2025
- 119-s-1748: Kids Online Safety Act
- 119-s-4782: ReportScams.gov Act
- 119-s-4280: SAFE Act
- 119-s-690: Overdose RADAR Act

## Sources
- [119-s-1416 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1416)

## Related
- [119-s-2120: Older Americans Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-s-2120)
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-4782: ReportScams.gov Act](https://policyrisk.com/legislation/119-s-4782)
- [119-s-4280: SAFE Act](https://policyrisk.com/legislation/119-s-4280)
- [119-s-690: Overdose RADAR Act](https://policyrisk.com/legislation/119-s-690)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1416 (as of 2026-04-21).