Take Action

There are many ways for our ESCA members to take tangible steps toward protecting and promoting S ESOPs - two of which are hosting a district visit and joining our grassroots letter campaign. District Visits provide an opportunity for Members of Congress to meet virtually or visit company locations and meet employee-owners in person. Our grassroots letter campaign offers an easy and effective advocacy tool for constituents to send their Members of Congress a letter to thank them for their support of The Promotion and Expansion of Private Employee Ownership Act.

Legislation

Representatives Mike Kelly (R-PA) and Jimmy Panetta (D-CA) and Senators Steve Daines (R-MT) and Maggie Hassan (D-NH) recently introduced the Promotion and Expansion of Private Employee Ownership Act of 2025. This legislation will help more Americans gain retirement savings and security through private employee ownership. Specifically, the bill seeks to:

  • Incentivize owners of S corporations to sell their stock to an ESOP
  • Provide needed technical assistance for companies that may be interested in forming an S ESOP
  • Level the playing field between S and C ESOPs
  • Assist small businesses that become ESOPs in retaining their SBA certification
  • Affirm the importance of preserving the S ESOP structure in the Internal Revenue Code
  • Create an Advocate for Employee Ownership at the U.S. Department of Labor

Cosponsors for the Senate bill (S. 2461) in the 119th Congress:

Republicans

Sen. Steve Daines (R-MT) - Lead
Sen. Marsha Blackburn (R-TN)
Sen. Chuck Grassley (R-IA)
Sen. Thom Tillis (R-NC)
Sen. Todd Young (R-IN)
Sen. James Risch (R-ID)
Sen. Jon Husted (R-OH)
Sen. Mike Crapo (R-ID)
Sen. Pete Ricketts (R-NE)
Sen. Eric Schmitt (R-MO)
Sen. Tim Sheehy (R-MT)
Sen. John Kennedy (R-LA)

Independents

Sen. Bernie Sanders (I-VT)
Sen. Angus King (I-ME)

Democrats

Sen. Maggie Hassan (D-NH) – Lead
Sen. Tina Smith (D-MN)
Sen. Chris Van Hollen (D-MD)
Sen. Peter Welch (D-VT)
Sen. Mazie Hirono (D-HI)
Sen. Maria Cantwell (D-WA)
Sen. John Fetterman (D-PA)
Sen. Catherine Cortez Masto (D-NV)
Sen. Chris Coons (D-DE)
Sen. Amy Klobuchar (D-MN)

Cosponsors for the House bill (H.R. 3105) in the 119th Congress:

Republicans

Rep. Mike Kelly (R-PA-16) – Lead
Rep. Ron Estes (R-KS-4)
Rep. Carol Miller (R-WV-1)
Rep. Blake Moore (R-UT-1)
Rep. Claudia Tenney (R-NY-24)
Rep. Brian Fitzpatrick (R-PA-1)
Rep. Young Kim (R-CA-40)
Rep. David Rouzer (R-NC-7)
Rep. Lloyd Smucker (R-PA-11)
Rep. Zach Nunn (R-IA-3)
Rep. Troy Downing (R-MT-2)
Rep. Adrian Smith (R-NE-3)
Rep. Burgess Owens (R-UT-4)
Rep. Michael Baumgartner (R-WA-5)
Rep. Rudy Yakym (R-IN-2)
Rep. Glenn Thompson (R-PA-15)
Rep. Barry Moore (R-AL-1)
Rep. Greg Steube (R-FL-17)
Rep. Scott Franklin (R-FL-18)
Rep. Glenn Grothman (R-WI-6)
Rep. Nathaniel Moran (R-TX-1)
Rep. Sam Graves (R-MO-6)
Rep. Nick Langworthy (R-NY-23)
Rep. Don Bacon (R-NE-2)

Democrats

Rep. Jimmy Panetta (D-CA-19) – Lead
Rep. Brad Schneider (D-IL-10)
Rep. Danny Davis (D-IL-7)
Rep. Terri Sewell (D-AL-7)
Rep. Sharice Davids (D-KS-3)
Rep. Ed Case (D-HI-1)
Rep. Angie Craig (D-MN-2)
Rep. Dwight Evans (D-PA-3)
Rep. Julia Brownley (D-CA-26)
Rep. Andrea Salinas (D-OR-6)
Rep. Suzanne Bonamici (D-OR-1)
Rep. Tom Suozzi (D-NY-3)
Rep. Linda Sanchez (D-CA-38)
Rep. Eugene Vindman (D-VA-7)
Rep. Frank Mrvan (D-IN-1)