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Senate bill · 119th Congress · Latest step: Introduced

Promotion and Expansion of Private Employee Ownership Act of 2025

S. 2461Introduced Jul 24, 2025Policy area: Taxation

Official title: A bill to amend the Internal Revenue Code of 1986 and the Small Business Act to expand the availability of employee stock ownership plans in S corporations, and for other purposes.

Sponsor: Sen. Steve Daines R-MT
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Where it went

Latest action: Jul 24, 2025 — Read twice and referred to the Committee on Finance.

Vote results

No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).

Cosponsors

33 cosponsors — 16 Republicans, 15 Democrats, 2 independents

17 of 33 cosponsors (52%) are from the other party.

Tammy Baldwin (D-WI), John Barrasso (R-WY), Marsha Blackburn (R-TN), Lisa Blunt Rochester (D-DE), Cory Booker (D-NJ), John Boozman (R-AR), Maria Cantwell (D-WA), Christopher Coons (D-DE), Catherine Cortez Masto (D-NV), Mike Crapo (R-ID), John Fetterman (D-PA), Deb Fischer (R-NE), Chuck Grassley (R-IA), Maggie Hassan (D-NH), Mazie Hirono (D-HI), Jon Husted (R-OH), John Kennedy (R-LA), Angus King (I-ME), Amy Klobuchar (D-MN), Roger Marshall (R-KS), David McCormick (R-PA), John Reed (D-RI), Pete Ricketts (R-NE), James Risch (R-ID), Bernie Sanders (I-VT), Eric Schmitt (R-MO), Tim Sheehy (R-MT), Tina Smith (D-MN), Thomas Tillis (R-NC), Chris Van Hollen (D-MD) and 3 more.

More from the sponsor

Other 119th Congress bills sponsored by Sen. Steve Daines.

Related bills

Relationships as recorded by Congress.gov.

Sponsor’s state and district

Montana in Congress

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Data as of Oct 3, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.