legislation: 106-hr-3462
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
This data as json
| bill_id | congress | bill_type | bill_number | title | policy_area | introduced_date | latest_action_date | latest_action_text | origin_chamber | sponsor_name | sponsor_state | sponsor_party | sponsor_bioguide_id | cosponsor_count | summary_text | update_date | url |
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| 106-hr-3462 | 106 | hr | 3462 | Wealth Through the Workplace Act of 1999 | Labor and Employment | 1999-11-18 | 2000-06-21 | Ordered to be Reported (Amended) by Voice Vote. | House | Rep. Boehner, John A. [R-OH-8] | OH | R | B000589 | 10 | Wealth Through the Workplace Act of 1999 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to establish requirements relating to certain stock purchase arrangements maintained by employers for at least 50 percent of their employees. Requires employers to provide annual descriptions of disclosure statements regarding such stock to employees granted an option to purchase it.Amends the Internal Revenue Code to provide for special treatment of stock options meeting such ERISA requirements. Permits employees to defer payment of taxes at a special rate on the stock obtained through the options until they sell the stock. Allows employers a limited tax deduction for such stock transfers to employees. Sets forth certain restrictions on disposition of transferred shares. | 2026-03-23T12:41:21Z |