ESOP Act
The ESOP Act (HR 6492) lowers the employee ownership requirement for businesses seeking federal defense contracts under a pilot program from 100% to at least 30%. This change allows more employee-owned businesses to qualify for government contracts by reducing the ownership threshold. The bill directly affects employee-owned businesses and the Department of Defense's contracting process for this specific initiative. The amendment applies to Section 874 of the National Defense Authorization Act for Fiscal Year 2022.
Bill status
in committee
1 of 4 stages cleared
Introduction
Dec 2025
Committee Review
Floor Vote
President
Introduced Dec 5, 2025
Last action Dec 5, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Dec 5, 2025
Committee
Referred to the House Committee on Armed Services.
lower
Dec 5, 2025
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Cory Mills
RRepublican
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