I 
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 estab-
lishing employee stock ownership plans, and for other 
purposes. 
Be it enacted by the Senate and House of Representa-
tives 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 Ad-
ministration a position in the competitive service (as such 
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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 assist-
ance with establishing employee stock ownership plans. 
(b) RESPONSIBILITIES.—The responsibilities of the 
position established under subsection (a) include— 
(1) providing guidance to small business con-
cerns on establishing employee stock ownership 
plans, including tax treatment of such plans, regu-
latory compliance, stock valuation, and opportunities 
to acquire funding to establish such a plan; 
(2) coordinating with relevant public and pri-
vate entities to provide assistance and resources for 
establishing employee stock ownership plans that are 
tailored for small business concerns; 
(3) coordinating with the relevant personnel at 
the Department of Labor to assist small business 
concerns establishing employee stock ownership 
plans with compliance with all relevant regulatory 
requirements; 
(4) advocating for appropriate guidance from 
relevant Federal agencies, including the Department 
of Labor, regarding regulations relating to estab-
lishing and maintaining employee stock ownership 
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plans, including regulations regarding stock valu-
ation and employee ownership; and 
(5) such other responsibilities as determined ap-
propriate by the Administrator. 
SEC. 3. REPORTING. 
Not later than one year after the date of the enact-
ment of this Act, and annually thereafter, the Adminis-
trator shall submit to Congress a report on the activities 
of the position established under section 2(a), including 
the number of small business concerns that have received 
assistance from such position, the types of assistance and 
resources provided to small business concerns by such po-
sition, and any policy recommendations for improving the 
process for small business concerns to establish and main-
tain employee stock ownership plans. 
SEC. 4. DEFINITIONS. 
In this Act: 
(1) ADMINISTRATION.—The term ‘‘Administra-
tion’’ means the Small Business Administration. 
(2) ADMINISTRATOR.—The term ‘‘Adminis-
trator’’ means the Administrator of the Administra-
tion. 
(3) EMPLOYEE STOCK OWNERSHIP PLAN.—The 
term ‘‘employee stock ownership plan’’ has the 
meaning given such term in section 4975(e)(7) of 
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the Internal Revenue Code of 1986 (26 U.S.C. 
4975(e)(7)). 
(4) SMALL
BUSINESS
CONCERN.—The term 
‘‘small business concern’’ has the meaning given 
such term under section 3 of the Small Business Act 
(15 U.S.C. 632). 
SEC. 5. AUTHORIZATION OF APPROPRIATIONS. 
There is authorized to be appropriated such sums as 
are necessary to carry out this Act, except that, for the 
fiscal year in which this Act is enacted, there is authorized 
$500,000 to carry out this Act. 
Æ 
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