Ban Corporate PACs Act

Senate Bill

S. 2515

119th Congress

Ban Corporate PACs Act

In Committee

Introduced:Jul 29, 2025

Primary Sponsor

Mark Kelly

Senator

Democratic

AZ

Cosponsors

40

Quick Stats

Policy Area

Taxation

Summary

This bill aims to encourage employee ownership of S corporations by accelerating the tax deferral on sales of employer stock to employee stock ownership plans (ESOPs) and removing limits on the amount that can be deferred. It also establishes an S Corporation Employee Ownership Assistance Office to provide education and technical assistance to S corporations on sponsoring ESOPs.

Latest Action

Read twice and referred to the Committee on Finance.

SponsorMark Kelly (D-AZ)

Introduced7/29/2025

StatusRead twice and referred to the Committee on Rules and Administration.

ChamberSenate

Data from Congress.gov

See this page through your district lens

Enter ZIP to personalize representatives and vote context.

Stay on top of this issue

Subscribe for weekly bill and representative updates.

Vote Prediction

Ban Corporate PACs Act

This bill aims to encourage employee ownership of S corporations by accelerating the tax deferral on sales of employer stock to employee stock ownership plans (ESOPs) and removing limits on the amount that can be deferred. It also establishes an S Corporation

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill aims to encourage employee ownership of S corporations by accelerating the tax deferral on sales of employer stock to employee stock ownership plans (ESOPs) and removing limits on the amount that can be deferred. It also establishes an S Corporation Employee Ownership Assistance Office to provide education and technical assistance to S corporations on sponsoring ESOPs.

Bill Number: 2515
Sponsor: Mark Kelly (D-AZ)
Introduced: 7/29/2025
Status: Read twice and referred to the Committee on Rules and Administration.
Policy Area: Taxation

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Ban Corporate PACs Act
Bill Number: 2515
Sponsor: Mark Kelly (D-AZ)
Status: Read twice and referred to the Committee on Rules and Administration.
Introduced: 7/29/2025
Summary: This bill aims to encourage employee ownership of S corporations by accelerating the tax deferral on sales of employer stock to employee stock ownership plans (ESOPs) and removing limits on the amount that can be deferred. It also establishes an S Corporation Employee Ownership Assistance Office to

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill aims to encourage employee ownership of S corporations by accelerating the tax deferral on sales of employer stock to employee stock ownership plans (ESOPs) and removing limits on the amount that can be deferred. It also establishes an S Corporation Employee Ownership Assistance Office to provide education and technical assistance to S corporations on sponsoring ESOPs.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Promotion and Expansion of Private Employee Ownership Act of 2023 This bill accelerates to the enactment date of this bill the deferral of tax (currently, after December 31, 2027) on sales of employer stock to employee stock ownership plans (ESOPs) sponsored by S corporations. It also eliminates the limitation on the amount that may be deferred. The Department of the Treasury must establish the S Corporation Employee Ownership Assistance Office to foster increased employee ownership of S corporations. The office must provide education and outreach about the benefits of employee ownership of S corporations and technical assistance to assist S corporations in sponsoring ESOPs. The bill directs the Department of Labor to appoint an Advocate for Employee Ownership.

Key Points

Main provisions of the bill

Accelerates the enactment date of tax deferral on sales of employer stock to ESOPs sponsored by S corporations
Eliminates the limitation on the amount that may be deferred for these sales
Establishes an S Corporation Employee Ownership Assistance Office to promote and support employee ownership of S corporations

How This Impacts Americans

Potential effects on citizens and communities

If enacted, this bill would make it easier and more financially attractive for S corporations to set up ESOPs, allowing more employees to become owners of the companies they work for. This could lead to increased employee ownership of small and medium-sized businesses, potentially improving worker satisfaction, productivity, and long-term financial security.

Policy Areas

Primary Policy Area

Taxation

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

2515, 119th Congress (2025). "Ban Corporate PACs Act". Source: Voter's Right Platform. https://votersright.org/bills/118-s-2515

Public Opinions

Community submissions related to this bill.

Share your opinion

No public opinions yet. Be the first to submit one for this bill.

Related Bills in Taxation

HR 1827

Child Care Availability and Affordability Act

Referred to the House Committee on Ways and Means.

HR 2927

All-Americans Tax Relief Act of 2025

Referred to the House Committee on Ways and Means.

HR 2918

Family Business Legacy Act of 2025

Referred to the House Committee on Ways and Means.

S 1481

LOCAL Infrastructure Act

Read twice and referred to the Committee on Finance.