HR 6492 · 119th Congress

ESOP Act

The ESOP Act makes it easier for employee-owned businesses to win Department of Defense contracts. Currently, the Pentagon has a pilot program that gives preference to companies where employees own the business through an Employee Stock Ownership Plan (ESOP). However, the existing rules require employees to own 100%…

Sponsor

Mills, Cory (R-Florida)

Introduced

2025-12-05

Policy area

Armed Forces and National Security

Latest action

Referred to the House Committee on Armed Services.