Proposal:2021 ESOP Fairness Act

This proposal is archived and closed to further debate. It was introduced in the 117th Congress, which has concluded, and the bill was not enacted into law.

Bill	S 1559
Type of Legislation	Senate Bill
Congress	117
Status	Archived — 117th Congress concluded
Source	View original on Congress.gov

Geographic Scope

National

Description

2021 ESOP Fairness Act

This bill allows certain over-the-counter securities to be treated as publicly traded employer securities for purposes of the diversification requirements for employee stock ownership plans (ESOPs).

Bill Title

2021 ESOP Fairness Act

Linked Goals

• Goal:Promote General Welfare

Steps

• 2021-05-11: Read twice and referred to the Committee on Finance.
• 2021-05-11: Introduced in Senate

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.