Sessions Votes to Empower Employees through Stock Ownership

Texas Insider Report: WASHINGTON D.C. U.S. Congressman Pete Sessions chairman of the House Committee on Rules today released the following statement after voting for a bill to encourage employee ownership in a company by making it easier for employees to utilize stock options or equity interests offered:

The success of companies especially startups is dependent upon dedicated employees. Many times these employees are rewarded with stock in the company as a part of their compensation creating a mutually beneficial arrangement employees have greater financial stability while companies build more equity in their staff. Under current law employees at non-publicly traded companies may be forced to pay taxes on these shares long before they are able to sell the shares something the average employee cannot afford. This common sense legislation fixes that problem allowing more employees to utilize stock options and Americas startup companies to continue to innovate and create jobs."

For more information on H.R. 5719 Empowering Employees through Stock Ownership Act click here.