Summary of Amendments Submitted to the Rules Committee for H.R. 1343 - Encouraging Employee Ownership Act of 2017
Summaries Derived from Information Provided by Sponsors
Listed in Alphabetical Order
April 3, 2017 10:11 AM
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Requires an issuer availing itself of the exemption under section 230.701(e) of the Code of Federal Regulations to provide employees an estimate of the cash value of the compensation that was the subject of the exempted transaction and a justification for that estimated value on the date of the transaction and at least annually thereafter.
Requires GAO to report to Congress one year after date of enactment the impact of the legislation on employee ownership.