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Code · BILL · 119th Congress · H.R. 6492 (Introduced in House) — To change the percentage of outstanding stock that must be held through an employee stock ownership plan for the purp... · Sec. 2

Sec. 2. Change to ESOP percentage requirement for pilot program to incentivize contracting with employee-owned businesses

83 words·~1 min read·/bill/119/hr/6492/ih/section-2

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Section 874 of the National Defense Authorization Act for Fiscal Year 2022 ( 10 U.S.C. 3204 note) is amended— by striking wholly-owned each place it appears and inserting owned ; in subsection (a)— in the heading, by striking and inserting Wholly-owned ; and Owned by striking 100 percent and inserting not less than 30 percent ; in subsection (b), in the heading, by striking and inserting Wholly-owned ; and Owned in subsection (c), in the heading, by striking and inserting Wholly-owned . Owned
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Sec. 2
Change to ESOP percentage requirement for pilot program to incentivize contracting with employee-owned businesses
U.S.C.§ 3204
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