ESOP Funding for SBA Position Act of 2025

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 2993 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 2993 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. _______________________________________________________________________ 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