To provide that Federal contracts and certain Federal subsidies shall be provided only to businesses which have qualified profit-sharing plans.
American Profit Sharing Act - Permits the provision of Federal contracts and certain Federal subsidies only to businesses which have a stock bonus or profit-sharing plan. Excepts start-up small businesses for one year unless such business has: (1) been in existence for at least ten prior years; (2) more than five full-time employees (or their equivalent) at any time during the year; and (3) a gross income exceeding $10 million.
Introduced in House
Introduced in House
Referred to House Government Reform
Referred to the Committee on Government Reform and Oversight, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House Education and the Workforce
Referred to the Subcommittee on Government Management, Information and Technology.
Referred to the Subcommittee on Employer-Employee Relations.
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